Goldtent TA Paradise

Swing low in miners?

1. Dave says:

   March 6, 2019 - 1:14 pm at 1:14 pm

   Hi CT. See more GDX daily chart above. Being on day 11, wouldn’t you expect this to be a HCL, rather than a DCL? I think the intermediate cycle decline continues until March 15-March 20

   • Curly Top says:

     March 6, 2019 - 3:48 pm at 3:48 pm

     I do see what you mean. I’d say there seems to be some confusion between what the DC might be showing (a swing low on March 5??) and the IC showing we could have another week or two down from here–although this IC was very right translated so the descent into the ICL should be quick. While I do often buy off of what I believe is the DCL, it’s not really that clear to me yet so I will probably just wait for the weekly swing low before I add anything.

     • Dave says:

       March 6, 2019 - 3:56 pm at 3:56 pm

       Smart.

2. Paul says:

   March 6, 2019 - 5:23 pm at 5:23 pm

   IMO, it never hurts to have another opinion:
   “Monday was day 11 for the daily Miner cycle which is too early to expect a daily cycle low…… This is week 25 for the intermediate Miner cycle, which places the Miners in their timing band for an intermediate cycle low.”
   https://bit.ly/2EEflRf