"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, November 20, 2007

Risk increasing for bears

This does not mean there will not be a capitulation spike lower, it just means that the market is very over sold and the public is scared. Not generally a bearish formula.