"Now for the good news. We are going to get at least a daily cycle bottom sometime this week, probably towards the end of the week. The bounce out of this kind of pain is going to deliver a nice tradeable rally. We could even see a 4-7% gain in miners for a short term trade. Whether this will turn out to be an intermediate bottom or not remains to be seen, but I definitely plan on entering a long position in miners at some point this week. "- Gary Savage