I am little late to the party on GDX, you can see the daily chart the crash from 55 all the way down to 15, but then it retraced to $22. With this stochastics at 80% and turning over there's a good chance that this retracement is over, it will probably retest the teens again. If it turns up from there it will have formed a large W formation and will have to be bought.
It breaks 15 to the downside single digits are next, but given its recent 35 point slide and the pure disdain investors seemed to hold for the metals right now,up seems much more like it.
Either way don't guess trade the break.
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