Which FP? We are so close to the 138.86 spy FP now that I can’t imagine them not hitting it. True though, that they could sell off for awhile first and then make another run back up and hit it… which could push this out for quite awhile.
Not a bad day… but some how I don’t see the bears taking control and keeping it down for very long. The bulls will get some crack from Bernanke and it’s off to the races again.
LOL… “a bit of a freak” huh? He’d find good company here I’d say. Silver, Gold, and the overall market could go down one more time to make an “ABC” pattern move before continuing the bull run. But, with the market so heavily controlled right now “ABC” patterns might be a thing of the past now? Could be the only down move was the morning gap?
While I wouldn’t touch going long the market I would go long silver and/or gold right now. Sure, it could drop again before resuming the up trend but with that big buyer that stepped in last Friday to stop the attempted crash move by the JP Morgan gangsters I’d say silver is well supported now and will continue up for quite awhile.
you passed the test
That is an old one though, wouldn’t the recent one be more apt? And look, it just snuck above it and…… down we go.
Which FP? We are so close to the 138.86 spy FP now that I can’t imagine them not hitting it. True though, that they could sell off for awhile first and then make another run back up and hit it… which could push this out for quite awhile.
No faith in the ole Fake Print here? I do.
Not a bad day… but some how I don’t see the bears taking control and keeping it down for very long. The bulls will get some crack from Bernanke and it’s off to the races again.
UP a battered, old, used car.
Looks like we are actually having a wave C down now…. cool
Quick 5 Minute Silver Update…
http://screencast.com/t/b6ukZPHC
Let the bears shout and dance.
LOL… “a bit of a freak” huh? He’d find good company here I’d say. Silver, Gold, and the overall market could go down one more time to make an “ABC” pattern move before continuing the bull run. But, with the market so heavily controlled right now “ABC” patterns might be a thing of the past now? Could be the only down move was the morning gap?
While I wouldn’t touch going long the market I would go long silver and/or gold right now. Sure, it could drop again before resuming the up trend but with that big buyer that stepped in last Friday to stop the attempted crash move by the JP Morgan gangsters I’d say silver is well supported now and will continue up for quite awhile.