Monday, November 24, 2014

JNUG now at important decision point.

In the 60 Minute chart of JNUG shown below it is clear that the shares are forced into the vertex of a triangle that must either break out or break down soon.  There is a nonzero chance that the recent rally from the @2.83 low was just a 4th wave.  A break out with a strong move up would help relieve this concern but for now I'm a watcher and not a holder.

No comments:

Post a Comment

Hi and welcome to my blog. Comments have been enabled for anyone with a google account.

Twitter Delicious Facebook Digg Stumbleupon Favorites More