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I'm going to sit out. I'll call this one cheating as the bullish pennant time frame is too small so it's really not visible in the larger view. Two scenarios: 1. NUGT will repeat what DUST did, which was bull flag morphing into ascending triangle then crash 2. It's an ascending triangle...

I didn't go. Yes, there was a bullish pennant that sat between 3.23-3.33 and broke out at 3.33. But I could hardly see it in the longest intraday time frame. The theory is large bases beget large rallies. Anyone tracking that pennant and went in, all the more power to you! Anyways, it...

Confirmation point/base could vary as I don't know how low the correction will go. But that's not important. I really couldn't care less where the base will establish itself, but more about where the confirmation price will be set after the base is formed. Anyways, new target price is 20-25%...

Hmm, methinks next time I should move up my target, use the Angelic point as the most inefficient instead. Anyways, that was the most run this most recent rally will get. New viewpoint: I'm going to wait and see if it makes a new base to piggyback on the previous trend. Last time NUGT went...

This Kotegawa guy had a period where he admitted himself into a hospital on a wheel chair b/c of his continuous losing streak. I wouldn't take today too seriously. Sh1t happens to everyone, even the Rain Main of trading. I guess the best advice would be to laugh it off and use it as an...

Btw, that counts as 1 fluctuation below 3.1 and back to it again from 2.8-3.13 NUGT close. There might be several more of these. Also, setups like these don't count as real ones b/c: 1. I don't have the superhuman reflexes required to catch 'em and 2. It doesn't meet my requirement of 20%+...

Looks like it will be quite boring waiting for the next real setup. As far as I can see, the next real one will happen in NUGT though I can't rule out a smaller one in DUST after a significant pull back! Well, as long as the market provides me with two real setups/month in this ETF pair, I'll...

Why I use the most inefficient price target rather than absolute top whenever I project prospective profits: It's often the highest or near highest price point where I know there will be plenty of shares on the bid side waiting to soak up my ask!

Sorry man, but my viewpoint is chart setups move rallies not commodities.

I already told you man, I also told you the $p you could expect if you were to meet an Angel with no egoistic imperfections! (Btw, the part that you're assuming is I'm trading NUGT/DUST for the gold part. I couldn't give a rat's behind what gold is doing. All I'm doing to trade/time NUGT/DUST...

Booya! If anyone is trading is currency pairs, there's still plenty of time to pick it up at 0.75CAD exactly. Technical reasons dictate it can't take off from this price right away.

Here's the part where the ETFs cheat. I see NUGT fluctuating below 3.1 and back to it several times for the next while (2-5 days), while DUST continues lower and lower. Yeah, I know it sucks, but that's how the ETFs work anyways...

Assuming we live in a perfect world, then the absolute toppest point of this rally is 3.25. But the market is often inefficient, so we could see NUGT peak between 3.1 and 3.25! Whenever I calculate a target price, I always go for the most inefficient price point which would be 3.1 for current...

It's over! NUGT has lost all rally potential when it crossed over 2.90. It could go up to as high as 3.1. But in the medium term of the next 10-20 trading days, it will be the top. As to why I didn't grab some of NUGT yesterday or today AM, rallying to 3.1 from 2.66 would have given me 15%...

Wow o wow, NUGT is starting to look badass again. DUST is making a sine wave intraday formation that could see it hit $37 by tomorrow! On the other hand, NUGT is repairing that ugly-looking potential bear flag that was almost ruined yesterday by today's brief rally to 2.85. If the rally on...

My guess is NUGT becomes a $20 ETF on Sept 10. If I was manipulating NUGT, I'd want to tank this sh1t below $2 to cause the folks on margin to sell into my buying as retailers usually can't have margin on a penny stock, then rally it post split for a pile of stinkin dough. Just a thought, not...

Obi-wan says: "Luke, let go [of that complicated targeting system]. Use the Force!" Anyone who has to rely on such gimmicky devices to base their trades is clearly not a Force user! Also, this is what Raiden (Mortal Kombat movie sequel) said about Jackson Briggs' mechanical/exoskeleton arm...

The problem I have with Al Brooks is he's never publicly stated how much he's made in the markets (or at least not to my knowledge). O'Neil and Darvas are/were confirmed market millionaires. Plus, some of the stuff Al Brooks teaches you like buy on pullback near MA could get you killed... You...

It's really simple: Find someone who had success in the market and copy from him (or read their books). If I could start over, I would tell myself to memorize William O'Neil's how to make money in stocks and Nicolas Darvas' how he made $3M in the stock market. That's all there is to it! (Do...

If anyone wants to know the objective answer: "The market repeats every 4 years." There is nothing new under the sun. Same patterns that happened a century ago still applies today. Same sh1t that happened 4 years ago will be found again this year. Gaining market experience is just...