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Wednesday, September 3, 2014

GDXJ


The GDXJ Price looks to be testing the bottom of the Ichimoku cloud at 50% retrace. A follow through to the Downside will test the 61.8% & 150 sma. The Bpgdm is the sentiment indicator. The USD has been in an area of an expected pullback albeit very Bullish.The Price action on GDXJ could Fall to the Fuchia colored dotted line and still adhere to the 1/2...(i)/(ii) wave structure.

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