IMO we are at a stage where a market that is this extremely oversold (and diverging) from hourlies to dailies either crashes another $50 or undergoes a soild bounce at a minimum. There usually is not much in between when at extremes like we now have IMO. So I view tonight's and Mondays action as very "near term" important, as far as the medium term goes that jury remains out
I agree with you ,a bounce of unknown magnitude is starting here.
i also keep in mind , we are in Erics time window of a bottom , plus what i believe to be the majority is looking for it to break lower.
there you have it. GLTA
yep, I like what I see "so far" and the fear of a big downside beak seems very high. Wave patterns and technicals IMO suggest at least a bueno trading low, only time will tell. Continuing to hold a modest GDX and SLV position taken late last week. If we rally modestly today then a lot of those "potential bullish" divergences will start looking confirmed.
BSing away
Senor