Friday, March 20, 2009

Silver Structure Now Unclear After Fed Manipulation; March 19, 2009

Silver and gold's rally messed up a what was a perfectly unfolding EWP wave count suggest serious downside potential for the metals. The rally was too big too strong and too fast and I was stopped out of half my positions. If silver and gold are going to collapse as expected, then we can label the rally the other day as a wave C of a flat correction, but this means they should both top and reverse to the downside immediatetly.

No comments: