Replies to post #25635 on ajtj99's Market Pulse

[Justa Werkenstiff]

Miners: Last Friday I said the weekly charts for miners had turned bullish. I think we have made an intermediate term low. Right here though, price indicators suggest limited short term upside and eventual sells any day in here more so than the overall market because of the nice rally. Moreover, sentiment measures of the overall market are not suportive a move without a retrace of large measure. I am taking profits on strength and will reload on weakness as I think the weekly trend has bottomed and turned up in this sector.

[Justa Werkenstiff]

Miners:

In mid May, the intermediate bottom was identified on the weekly:

http://www.investorshub.com/boards/read_msg.asp?message_id=3085404

We reached my target of 200:

http://www.investorshub.com/boards/read_msg.asp?message_id=2999093

I sold out of the miners on May 25th and said I would reload on a retrace. Today I began that process at the close. I will continue tomorrow market willing. I like the miners in here for another run.