Thursday, February 19, 2015

Miners better hold current levels or be afraid.

HUI is now kissing the lower rail of a parallel channel.  It will either hold or it won't.  If it doesn't I will not hold the miners until something bullish happens.  It is still possible that the Nov 2014 low could be W3 and then all this since is a 4th wave.   This is it folks, it will determine whether the next move is a big fast move up to HUI 240 or 250 OR a collapse to Avi's HUI 120. 

Don't fight the ticker.
Hope is not a strategy.
Small losses will only get larger if technical support is broken.

I loaded up on JNUG at today's close and I will unload just as quickly at tomorrow's open if I don't like what I see out of the gate.



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