
On Saturday we discussed that we were looking for a potential buy signal for the Miners. The Miners delivered that buy signal on Monday.

The Miners printed their l lowest point on day 30, placing them in their timing band for a DCL. We were looking for a close above both the 10 day MA and the 50 day MA to use as our buy signal to indicate that day 30 was the daily cycle low.

The next obvious area of resistance will be the declining 200 day MA. We will use a close above the 200 day MA as a place to add.
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