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Update for Friday, September 30th
I note with interest the complete LEV/TEV reversal in GDX at the end of the day:
Pay particular attention to the spike in LEV (blue trace, lower pane) in the last minutes of the day.
I also note with interest that NUGT, the +2x leveraged ETF on the GDX, did NOT show the same pattern:
This stresses the importance of using the underlying (GDX) to base decisions and then the leveraged instrument (+NUGT, -2DUST) to play your hand ...
We *may* be getting close to seeing the fruits of our labors here ... time will tell.
Regards,
pgd
Last edited by grems8544; 09-30-2011 at 09:01 AM.
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