in july of 2014 the gdxj peaked at 46.5 and bottomed in nov about 4 months later at 22.3
for a percentage loss of about 55 %
in 2016 we peaked at 52.5 and we have dropped to 32.8 for a loss of about 38 %
this is a corrective wave and NOT an impulse wave if it was an impulse wave we would have given all the gains back
that is the way i see it fwiw and i think we bottom this week