Up one day and down the next.
miners here at a topping zone, and making what so far looks like the first wave down, then a bounce back into the shoulder zone....then today, down, could be the beginning of the next big downwave to test the 50 ma,(or at some point in this zone, down)
and ....At this moment in time and wave structure....theres no reason to have blind bullish hopes that the down trend is finally being broken. We could see the next several months take miners all the way back down ,to make miner bugs depressed once again, just like victims of abuse. Thats how you teach the miner investors a lesson. battered investor syndrome, lets call it.
BUT, IF by some bizarre decision by the Cartel abusers, they decide now to end this game, for whatever reason, and start turning the downtrend into a reversal for real....then this 50 ma zone, this ongoing pullback, will need to hold support in the middle somewhere, and begin the next strong rally (a Wave 3, should be a good rally...) and only then we can see light at the end of this dark tunnel. BUt if we see thru the summer and fall, another big downwave take miners all the way back to 2013 lows, it will show
1) its still a rigged game going on.
2) its a decent buying opportunity (nothing wrong with buying EXK again at 3 dollars.)
and 3) ....we all should have learned by this time, and sold at the tops, and make some profits in the game.
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