The rally has sputtered out in a bad place, more than a little shy of the 74.87 target I’d flagged. I still expect that Hidden Pivot to be achieved, but we will need to be careful about where we re-board or augment long-term positions. For now, I’ll suggest bidding 66.14 with a stop-loss at 63.23. This is a textbook ‘mechanical’ buy, but it is somewhat riskier than attempting it at the green line (where a 57.40 stop-loss would apply). If it comes down to that, we should initiate with a ‘camouflage’ trigger. This means using a pattern of small degree to signal a ‘buy’ at its point x, 25% along the C-D leg.
GDXJ – Junior Gold Miner ETF (Last:67.23)
