[JNUG] update

At the backlink I was looking for a B wave to complete, possibly in the form of a HT per below.  While all predictions are odds based and thus carry an implicit "?", I fairly uncharacteristically chose to be explicit about it on the d and e waves of this model.  The reason is that it just didn't have the right look and in this case that meant that the angles of the upper and lower rails were too severe.  I normally like to see a max of 15 degrees either side of the horizontal for this kind of thing and in fact sub 10 degree is considered best.  But in this case it was more like 25+ degrees.  However, I've also noted in the past that if I see the kind of action to the left that some kind of HT will eventually likely result at a higher degree of abstraction. 




In the case of the current JNUG chart, I think that including the extended trade data (see chart below) shows us what the above model above was missing.  This chart has a much better HT look.  I got stopped out of JDST when JNUG crossed the cyan line and then I received an email alert when the upper rail was breached so so I bought it back and in fact doubled down as soon as it fell back into the channel.  I don't have to watch this like a hawk.  Stops and email alerts are the greatest things since sliced bread and stick butter respectively.  I've already put my stops in on my new JDST position to be 1 penny higher than red E. 

If I'm right  about this model, we are being presented with a fantastic swing trading opportunity in the JNUG and JDST opposing tickers here.  Again, there are no guarantees and the only thing we should ever expect from any trading system is increased odds but the odds are good that we have hit or are very near hitting the E of B wave which marks the half way point for the move down from $63 JNUG to $37.75 JNUG. 

Even more exciting is that if this pattern holds then we already know pretty closely where the next turn should come (red circle in the model above).  So if we get 5 waves down into the lower rail then we know to bail out of JDST and then to go extra long JNUG for the move back up to $65-$66.  That is a whole lotta forward looking speculation in terms of price percentage movement but if the model holds then just a few trades can make my readers Sirius Bank© (i.e. astronomical short term returns).