Here is the backlink. Despite the positive move on JNUG today, HUI has not broken out nor does it even count motively yet. We should at least get a ride to the top rail but be careful at that point because it might turn out to be C of 4. If it goes higher than red a then the model is bust and the miners are golden. But let's not assume anything! Let's not let near term euphoria last any more than midnight on that trading day because as sure as I'm writing this, Mr. Market will kick you upside the face just as soon as you think you Kan't Miss.
It would be a slightly different matter if we were in a confirmed bull market for M+M
but we certainly are not. Not yet at least. Now, if the green line gets taken out then we are back up into the range of wave 1 meaning that the current motive wave is certainly done. At that point a more relaxed set of stops can be used.
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