Granted, chances of the miners breaking out to the baby bull market highs are very low indeed. Still, the probability can never be zero, so there is a chance. If the miners are to bottom here they probably need more work. Its only a bit of speculation mind you, but a 5 point reversal pattern could set up a break above the neck line, and a four point continuation pattern on top of the neck line could set up a rally to GDX 26ish. At that point a reaction should send GDX back down to the neck line forming the right shoulder to an inverse SHS. Well, you know the rest. Yep, its a wild speculative dream, madness to be sure. In the mean time I have my trigger finger on the sell button. It sure isn’t easy, is it?

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