Yesterday’s low came within four ticks of the 52.50 Hidden Pivot correction target shown in the chart, so we should view the bounce as potential bottoming action.  Also, it is a tentatively bullish sign that the decline stopped just short of taking out the 52.43 low recorded in early September. If yesterday’s bottom gives way nonetheless, I suggest fishing at 50.10, a Hidden Pivot target calculated by moving to a lower b-c pairing (shown). ______ UPDATE:  GDX appears to have put in a good bottom. Now let’s see how much resistance the nearest rally target, a Hidden Pivot at 56.01 poses. If it falls easily, this rally could have legs.