Prices have reached their downside target, the bottom boundary of the declining triangle has been reached, and the fifth wave down looks close to completion. There could be a small drop under the bottom boundary, however there is an excellent set-up now in place for a terrific rally to begin in Mining Stocks.
The HUI Purchasing Power and 30 day Stochastic indicators remain on sell signals Thursday, March 22nd. Once they turn to new buys, this could be a wonderful buying opportunity. The aging indicators show that this decline is old and a bottom is approaching.
CCU setting up for a run and others in the HUI, likely in the next week or so.... this correction is starting to look very tired.
DYOR
on yourmarks, get set...
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