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[gannman]

gdx bottomed on12/23 at 20.24 and completed its first wave up on 2 24 at 26.95 for a move of about 6.7 points. it is now correcting in a wave 2 which i suspect will bottom late this week or early the following week. i suspect it will do a fib level retrace. the next leg up in gdx from wherever it bottoms at sb about 10 to 11 points i would imagine as this will be a wave 3 which is usually the strongest wave. happy trading to all