Thanks for the additional chart , and additional commentary on the BML thread , GOLDBEAR . You may have access to another chart of the XGD , which supports this . I use a basic Comsec Chart ( too old to work sophisticated software ) ,,,,but basically I see this current "3rd leg down " having support at XGD 6000 , with a temporary spike lower possibly ( likely) occurring to signal a capitulation low . That's where ( when ) I would use the remaining powder I have preserved for such an event , to complete the sector purchases . The "mergers and acquisitions" that will inevitably occur .....might start a chain of such events that will likely make the upside even more explosive.
