Time 2:52

Stock: GDX, ETFs

GDX: Possible important note on the daily chart. Negative DMI is as high as it has been during this recent down trend. 2X the Neg. DMI hit these levels and both times it signaled the end of the impulse move down in the stock.

ETFs: QLD, SSO, DDM, don't add to short too quickly. We need a true impulse move lower to really get fully short. This may mean that we take the position into tomorrow with out finishing.