[JNUG] update

Per the backlink, I bought into JNUG yesterday on the 3 wave dip back to the 38.2 fib with the assumption that it was red 2.  It could in fact also be red 4 with the recent peak being w3.  We will not know the truth of the matter for a few days.



The conservative thing to do would be to assume yesterday's selloff was wave 4 instead of 2.  Thus we look for 5 wave higher to perhaps $65 and then bail out to see how bad the retracement gets.  It could go all the way back to the 61.8 fib and in fact it could go all the way back down and do a double bottom deep vee 2nd.



I have one word of free advice people: be more conscious of preserving your hard won capital than in winning more.  Conservatism means you conserve something.  Don't get caught up on the recent 300% move thinking that JNUG goes straight to the sky.  IF you think 5 strong waves up have occurred, don't sit through the strong pullback!  There are other trains parked at many stations just waiting to leave the platform.  Example is UGAZ which I will do a separate post on.