Cycle Trading

The Miners began the day on Thursday by gapping lower, breaking below the 200 day MA.

With the Miners seeking out their intermediate cycle low, loosing support of the 200 day MA should have triggered a bloodbath phase that could last up to 5 to 7 days. Instead, the Miners managed to rally and close higher for the day — closing back above the 200 day MA. Thursday was day 21,placing the Miners in the early part of their timing band for a DCL. A swing low and close above the 10 day MA will have us label day 21 as the DCL — which could potentially mark the ICL as well. (Which I plan to go over in the Weekend Report). Stops can be set at the 200 day MA.