Actual below got down to $16.80. Given the ABX breakout, the primary model is that the bottom is in but I could count the recent bounce as a 4th wave leaving us open to the blue model. We are talking a few cents here so I would be more afraid of blinking and finding it in the 20s again than of losing money by buying the first 3 wave dip that you see of any size.
Tuesday, January 26, 2016
[GDXJ] update
Model from the backlink is below. Price at the time was 17.48 and I was looking for one final dip to as low as $16.
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Actual below got down to $16.80. Given the ABX breakout, the primary model is that the bottom is in but I could count the recent bounce as a 4th wave leaving us open to the blue model. We are talking a few cents here so I would be more afraid of blinking and finding it in the 20s again than of losing money by buying the first 3 wave dip that you see of any size.
Actual below got down to $16.80. Given the ABX breakout, the primary model is that the bottom is in but I could count the recent bounce as a 4th wave leaving us open to the blue model. We are talking a few cents here so I would be more afraid of blinking and finding it in the 20s again than of losing money by buying the first 3 wave dip that you see of any size.
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