It stops there, which makes some sense considering what I expect from the market and GLD. Longer term though, DUST is the one basing and NUGT is the one topping, but that doesn't mean you can't make some quick money on this trade.
Monday, September 12, 2011
The Miners Trading system
Tonight system 1 went long NUGT, which means you would buy NUGT at the open tomorrow with a 3% stop loss on a closing basis.
System 1 is in green crossing the red signal line.
NUGT 1 min chart in a leading positive divergence
So is the 5 min chart.
It stops there, which makes some sense considering what I expect from the market and GLD. Longer term though, DUST is the one basing and NUGT is the one topping, but that doesn't mean you can't make some quick money on this trade.
It stops there, which makes some sense considering what I expect from the market and GLD. Longer term though, DUST is the one basing and NUGT is the one topping, but that doesn't mean you can't make some quick money on this trade.
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