The 46.71 pivot that served as my worst-case correction target now looks likely to be achieved, since this vehicle had little difficulty taking out a related Hidden Pivot support at 48.93. Earlier, I’d suggested bottom-fishing there, and although the trade still looks enticing, it won’t be a piece of cake, since the pivot coincides precisely with a low recorded on October 9 that is likely to attract a crowd. Accordingly I’ll suggest using a trigger interval of 73 cents to get long off whatever low occurs. You can reduce that to 8 cents if you took the Advanced Tactics course and know how to calculate the voodoo number at 47.19 and know how the trade works.
GDXJ – Junior Gold Miner ETF (Last:49.52)
