[GDXJ] update

The GDXJ model is working exceedingly well right now as you can see by comparing backlink to actual.  If it continues to be so generous then we should expect a pretty good pull back Monday AM as shown but then an intraday reversal to much higher highs.  Better still, I expect it to continue being generous like this because the wave count, as I have mentioned in these pages on many occasions, becomes much clearer during 3rds and Cs and the current count says that 1 of 3 just finished (or nearly so) today.

I will likely be playing only JNUG on Monday simply because the time to mos def play a stock is when you have a large 3rd of something (3rd of 1?  3rd of 3rd?) setup like this.  I'm guessing that red 3 should be good for 25+% in JNUG, perhaps even 30%.  And if you are careful about waiting for the waves to play out then you don't even sit through the uncomfortable pull back to $27 (or the equivalent in JNUG) before watching the chart take off big time.  A balsy player would even swing short on JDST for that quick several percent during the wave 2 pullback.

As usual, trust in the wave principle but be wary of believing that this count is the only valid count.  Trust but verify!  Use stops as you go, figuring them out it pretty trivial in this case folks.  If you use these precautions then the time for you to use margin, if ever you would be so bold, would be during red 3.  I am going to max out with whatever TDAmeritrade will allow and then use very tight stops for the margin portion of the bet and slightly looser stops for the cash-bought position.