The stock market is getting closer to the high sell pressure, not extreme though. So, it is still play the short term indicators game with an intermediate outline of higher stocks into early May. Gold/SILVER seem to be doing their best attempts to suck the bozos in, but I must admit that yesterdays break of 4 day high by Silver was a mind changer( I warned about that in earlier post), not in the sense that we shell see an immediate run up, but in the sense that perhaps these markets show more strength in coming decline phase than initially thought. The decline should start today tomorrow cycles allow that. Let us see if indeed it is a weak move down. Many of you remember that My initial GOLD move up high projection was a later March early April, well deceptively metals showed a week move into the end of March and somewhat more strength into the Early April. No problem, None of this changes anything else I have predicted, which is the weakness coming into the April 8 +-2 trading days.
Dollar is still showing some strength, as projected and Energy slowed down. Interest rates as expected have inched up slowly as well. Good Trading
No comments:
Post a Comment