Wednesday, January 13, 2016

[GDX] update

Nothing much changed from the backlink model which is below.




Just looks like some kind of triangle is forming.  If you are not in this I would just stay on the sidelines until we get more clarity.  If this wave bottoms at $13.20 and bounces in 3 waves to $13.80 then GTFO to ensure that it is not just wave 2 of 5 b/c if so the next wave down would bust through the lower rail quickly.

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