GDX: The Hated Gold Miners Sector is showing some signs of life

after completing a long drawn out wave 4 correction following a 6 year impulse down from its 2011 hughs.

Kommentera:

There were several violations with the previous count. Wave 4 encroached into wave 1. The first wave coming out of a 5 wave correction must be an impulse, so it couldn't have been a wave 3, and finally wave B of an ABC cannot be a triangle. A master pointed these to me. So here is the corrected count. The same goes with GDXJ as well.