"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

Wednesday, June 16, 2010

Rut Roh!... for bears?

I would not be short against this index right now. But that's me, a risk-averse sort. Risk remains high for bears in the short term. Here' s the Russell chart from a few weeks ago, updated.