[HUI] - miners chart might give insight into JNUG buy points

So the HYI chart has outed itself and seems to be reading quite clearly here.  The 4th wave HT broken down into 5 more waves down to bottom at ~$146.  Now it is rebounding and has done 3 waves up and is now working on wave 4.  This should soon break out into wave 5 (a great opportunity to hold JNUG and then it should reverse and come right back to where it is today, or lower, for wave 2 (which could also be wave B if EWI is right).

Folks I smell rapid profits by playing JNUG up and then boldly flipping short with JDST.  I like this trade A LOT as long as the top of the current 4th wave HT breaks out the upper rail (which I think is very, very likely at this point).  You don't get nice clean setups like this very often folks.  I mean, we know the large HT has to be a large 4th meaning that the big subsequent decline was wave 5.  So we must get a significant a-b-c at the very least now.  The a-b-c from the lows is just too small to retrace the whole sell off from the highs.

So let's zoom in and see where we should be pulling the trigger on JNUG using HUI as a rough but likely close enough control.  What I see here is that wave 4 is likely done.  The chart broke down through the lower rail on the E wave and then did an inclining double bottom.  Having cleared that bottom rail, it then back tested from above just to make good and sure that it was a strong bottom.  So the upward pace should begin to accelerate this week.
 
What I really like about this model is the tight stops that it allows.  You would mos def bail out below the red line and then only buy back in if it can go back above the line.  But seeing all the testing of that line which has already been done I question whether it can go back below the line at this point.  If this gaps up tomorrow, buy and hold JNUG because the next 5-7 days should, on average, be a fun ride.  But when 5 waves up transpire, bail out and even consider swinging short to make money coming and going.