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On April 27th, I did a video speculating on how high the miners (GDX) would bounce before presenting another good shorting opportunity. In it, I concluded we would bounce to 49.17 before beginning the much larger fall.
Well, we just kept fallling. Indeed, I bought GDX yesterday, only to close it at a loss this morning. A new short position today repaired the damage, and I ended the day buying GDX again (and, with much larger size, GLD).
Head and Shoulders pattern. Simple. Target down in the 6 zone.
I shorted Health Net yesterday, based on the wedge. It's down nearly 30% (I have covered the position). Nice to see a big winner, since I totally missed the GMCR boat!
