Miners moved higher yesterday, and while they didn’t move up as much as they had moved down on Monday, some might say this was bullish. I disagree. It was normal. And I have a chart to back it up. {chart} The above chart features the GDXJ from the hourly point of view – each candlestick represents 1 hour. This perspective can be misleading while trying to project long-term price moves, but it does a great job of discovering very short-term similarities and applying the technical analysis in this way. For example, it can shed some light on what type of intraday behavior is normal after a top and what type of behavior ... (full story)