Replies to post #35532 on The Black Box

[dieselfuel]

If you like the miners.... if it closes here (30.15 area) or lower today, it would be in what I consider the 'extreme' oversold area.

Of course it could stay down there another 3 days before turning positive.

Watch the gaps below. Maybe it stays oversold for a few days to fill in the gaps....?

Are you still 'shorting' the dollar?

[dieselfuel]

On this pullback, you should be able to get GDX for 26.17, at least. That's where the next lower gap is.

25.77 is the 50% retracement from the last leg up.