I must say, the miners are not doing what I had expected. Yes, GDX broke out of its pattern beautifully (as I suspected it would yesterday, way back when it was at $54) but – instead of soaring gracefully like a bird to $57.50, it has instead plopped like a bird poop on its neckline. We'll see what happens here, but if it just rolls over and fails the pattern, then the bulls might not even give the two or three day reprieve I thought they would.
