Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 60.74

+4.6%

Jan 16 4:00 PM EST

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misu_byk

To: #Breeze who wrote (207822)	1/16/2026 11:40:30 AM
From: My 2 Cents Worth	1 Recommendation of 207865

GDX hit the 38.2% retracement today. Breeze wrote: "Submicrowave (4) is in play. If it ends with a 38.2% then Submicrowave (5) of Microwave (circle) 5 of Wave v of Wave (iii) has a target of 103.86." I figured a 38.2% would clock in at 94.50. GDX hit a low today of 94.46. Thanks Breeze!!! Wave 5 will truncate if it fails to get over the recent high of 98.42. I maybe be wrong, but I think it will truncate due to the change in trend on the 15th. I previously posted Gann's interest in the 15th of a month for a change in the trend. Also, AEM just topped right on the 15th and AEM is a big component of GDX. Lets see how it all plays out.

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