[JNUG] update

In the backlink I had switched from my B of 4 wave model to a 4th wave HT model.   In other words, from picture on left to picture on right.  But either of these cases were simply a 4th wave.



The action since then which is shown below in the current snapshot suggests that my original B wave model is the correct one so we should be seeing 5 waves up from the 6th of August and then a strong reversal back down to new lows.

Don't get caught up in the currency manipulation news coming out of China!  News does not matter.  Wave count matters.  If we get news that coincides with wave count then all the better but trading the news is a sucker's game.  Trading the wave count is your only real defense against the dark magick of Wall St.



My switch from JNUG to DRD was early yesterday but I made it up today with a 6% move by DRD vs 1% for JNUG.  I still have not sold DRD but have bumped my stops to $1.18 to assure a winning trade will be my worst case outcome (albeit a small win).