With the favorable showing in Miners today, I think we should review our expectations.
Starting with the daily chart:
The Miners formed a swing low last Thursday.
The reversal today set the daily cycle trend line.
The Miners broke above the declining cycle trend line today.
That confirms Wednesday as day 5 of the new daily cycle.
The Miners are about to also confirm a new intermediate cycle
The weekly chart already printed a weekly swing low.
The Miners need just a bit more strength to make a clear and convincing break above the declining weekly trend line to declare a new weekly cycle.
The Miners are currently in month 11 of the yearly cycle, which is right in the timing band to print a yearly cycle low.
The Miners are also ready to print a 3 year low.
One of the markers for a three year low is the extended monthly sell off preceding that low.
Notice in 2008, (1) the last 3 year low, the HUI declined 6 out of 8 months into its three year low.
Notice currently, (2) The HUI has declined 6 out of the past nine months.
And the HUI currently sits at month 43 and is “due” to print a three year low.
Considering a new daily cycle has formed and a new intermediate cycle has all but confirmed a new cycle, it looks likely that a new yearly low will print as well.
To sum it up, we are in the middle of a major low for the Miners that marks a daily, weekly, yearly and three year low.
Going forward I expect right translated daily and weekly cycles until the dollar
prints its three year low.
This presents us with a Miner Opportunity
Cycle Trading 
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