, Looks like the miners are getting close to a buy. The RSI
is approaching the oversold area on the daily chart
. I expect a week of consolidation (note similar blue boxes) with a drifting down to the $12.72 area. This will be the BUY. It will give the daily chart
time to reach way over sold. Then we can jump in and get a $2-$3 jump in GDX
. We will sell when the RSI
gets to 80%.