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Friday, July 20, 2012
Yet another bottoming pattern shows up - GYX
Today looks tough, but in general patterns like this one on the base metals index are showing up all over the place (globally, that is). Assuming the market is just taking a corrective break to the bullish 'higher highs, higher lows' uptrend that has ground on since May, GYX should hold this pattern and target close to the EMA 200.