Gray-bearded traders will remember (if they haven't been overtaken Alzheimer's) Peggy Lee and her disillusioned song, Is That All There Is? Which sort of encapsulates our reaction to the 4…
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=225464222 Silver broke the dump-bump-dump pattern as indicated at the short down trend line. We cheated and bought the bottom based on the power bar (not recommended). Now, for what…
Looks like a buy signal to us. We're buying some. Interestingly, bouncing right off the trend line. Strange how these serendipitous things happen. Same with silver.
As may be seen here gold is well above its trendline and its present status is range bound. If you wanted a Basing Point the mid November wave low would…
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&b=5&g=0&id=p75064008702&a=203281655 The broken trendlines we have been fretting about have come home to roost, like chicken little. And we have definitely started a new downwave. The power bar November 4…
