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gdxj analysis


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#1 gannman

gannman

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Posted 11 July 2016 - 02:10 AM

wave 1 of gdxj went from about 17 on jan 21 to 39 pn may 2 for 22 points

 

it then corrected down to 32.6 for a pullback of 6.4 points or about 30 percent 

 

we are now in wave 3 up

 

if wave 3 is 1.3 times wave 1 it would be 1.3 x 22 or 28.6 points which means wave 3 would take us to 61.2 minimum

 

if wave 2 is `.5 times wave ` that would be 33 taking us to 65.6 

 

just some target areas to be aware of  61.2 to 65.6


feeling mellow with the yellow metal