Loading ...I don’t know anything about wave analysis but I like this scenario best. 🙂
“If I look at the shares via GDX, on the Monthly chart, life is simpler …we see 5 Months up from the Sep Low, then 3 Months down, the down move ended on a closing basis @ the 50 % area,of the up move… both 5 and 3 are Fib No’s and 3 is a near perfect 62 % of 5, so the correction fits in terms of time and price….therefore the shares should continue on up, waves 1 and 2 have been done, of wave 1 of super wave 3…..””
CPI – in line with estimates, 0.4% vs. 0.4%
I think that’ll work for us today.