Jack Dog commented that the Miners “seem to be quite ILL. Also, if this next $ daily cycle is to be a left translated, after how many days should it be to reach the cycle high? ”
Let’s look at the Miners.
As we have previously discussed, the Miners have been caught in the grips of an intermediate cycle decline since September.
This decline comprised of two failed daily cycles.
The Miners appeared to have printed a daily cycle low on Friday, November 16.
There is a daily swing low. Now the Miners will need to break above the declining cycle trend line to confirm a new daily cycle.
With the dollar about to embark on a new daily cycle, that could cause the Miners to re-test the November 16 low.
Tuesday was a possible day 6 or day 21. Failure to break through the declining cycle trend line would extend out the failed daily cycle.
Regarding the dollar, left translated daily cycles for the dollar typically peak by day 8. Many times before day 8.
Once the dollar rolls over combined with stocks in the early stages of a new intermediate cycle, that should provide the Miners with a nice tailwind …
Cycle Trading 
Leave a comment