Monday, January 9, 2012
BUY NUGT @ $21.90
Late in today's trading session I saw enough evidence that gold's current 4 hour cycle was finished and likely to lead to a rally - however short term. With that assumption in place, I purchased shares of Direxion Gold Miners Bull 3X ETF (NUGT) at $21.90.
What follows are three charts:
NUGT at the time of my purchase
GC 4 hour cycles overview
GC 4 hour cycles closeup
My TSI Trading Record has been updated.