"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, April 4, 2012

Continuing with the theme...

If we are indeed going to go on QE3 watch, awaiting an appearance by a very coy vampire, one wonders how long it is going to take the blood sucker to blink.  I have some downside ideas on SPX, but for now here is SPX bear fund SDS with positive divergence, needing to get above the EMA 20 for a good first step.

I might plan to play around with the broad markets on the bearish side a little while awaiting what I think is an epic value opportunity in the precious metals.  All eyes on Main Street, all eyes on the S&P 500, all eyes on the Fed.


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