If Avi is correct (sorry, can't post the proprietary reference but he still thinks we are in 3of 5 or even just finishing 3of 3 of 5) then JDST is just taking a breather and will hit higher highs this week. Maybe he's right but I think there is equal chance for this more bearish count to play out. Bottom line, if this hits a lower low than green 1 then something more bearish is happening. But if this begins to go up tomorrow and does a higher high than green A then I'll dump my JNUG PDQ and wait for another entry point.
Long or medium term views are all well and good but drive for show and putt for dough and never forget that there is no such thing as a true long term hold for JNUG or JDST. Both are constantly seeking zero. This is why JDST is still only $18 even though gold is at 5 year lows.
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