got a lot of 1-4 hr looking 5-wave declines (at this time) from recent rally highs (Silj.GDX.GDXJ etc) IMO, so if we bounce from session lows I would expect lower prices after that, as always DYODD, I am on the sidelines.
Senor
vast majority of those 5 down declines had their lows taken put this morning and we are now seeing a bounce. Either abc declines bottomed today for example in GDXJ/SILJ OR this mornings lows were wave i of a larger developing wave 3 down. How large a bounce we do or do not get is very important here for the near term. take out session lows and it could very very ugly, very quickly
Senor
Senor