Wednesday 16 January 2013

1pm update - truly...tiresome

Mr Market remains stuck <1474. How many more days..weeks....years..are we gonna be stuck here? VIX remains close to breaking into the 12s. Metals look toppy in the near term..and due a fifth wave lower.


sp'60min4 - retracements



SLV, weekly - bullish count


Summary

Urghh...yet another day of..nothing.
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I am bearish on market/metals in the immediate term, but seeking much higher levels in Feb>March.

There is a very clear snap-higher level on SLV @ 32.
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