I mainly want to point out 1 thing: GDX just hit the target from Avi's Marketwatch article. The chart below is from that article. See how the 61.8 fib was 16.09?
That rising wedge could spell "C" wave as in WC4. Since Avi is no idiot, the prudent thing to do is put in a tight stop at this point for my JNUG and I just set that to $51. If it goes higher into the close I will ring the register (Cramer-eze for take profits) and not hold over the weekend. I can only hope that Avi's count is correct because if we get one more wave down per Avi, the EWI model is bust, the Avi model leads by a big margin and you can see from his article what that likely means to M+M. Note: if GDX rises above that blue line with the red circle, the Avi model is bust and M+M become a buy on the first dip after that breakout.
SET YOUR STOPS players. SET YOUR STOPS!!
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