Well they did it again, filled the street with subprime fears while Bernanke yapped on your TV Screen... Net Result... BEAR BAIT.
Looking ahead, the next pivot is in the 2730 area with trend line resistance at 2734, Should we break out from there... 2739, 2752 next pivots...
It is what it is, a huge blowoff, but it really is getting out of hand. My model for an interim top fell apart yesterday with a new high in the $XAU, it doesn't mean the model isn't viable, it just means we are going HIGHER.
