First, the charts –

Reference Chart ($NDX from 2000):

Current GDX Chart:

As predicted, last week was an up week.
Last Week

What about this week? The $NDX reference chart was up for 5 days (point ‘W’ to point ‘X’). We ended our decline on Tuesday of last week, so the middle of the coming week we can expect another drop. Can’t say how far, as the last drop was mild – but once again it kept me on the right side of the trade.

Here is the overall reference chart:

Good luck all.