Wednesday, March 18, 2015

[GDXJ] update

Here's something else you will want to BOLO for.  It is possible to count the bottoming into early March as only 3 waves down.  If that is the case then we are now working on C of 4.  The blue vertical lines show when C will be the length of A.  The green box says that we are approaching the level of the prior 4th.  Beware 3 wave moves to the level of the prior 4th!

Be especially wary if this just continues to inch up to the top of the blue vertical tomorrow AM instead of pulling back  and then taking a fast run at that up-sloping resistance line.  A clean break of that resistance during a 3rd of 3rd suggests that the breakout is in progress.

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