Sunday, May 20, 2012

Greenshoots for a temporary bounce ?

Mr. Market got a beating and refused to bounce which are clear traits of a bear.
 ...but there is some hope for a relief ,....like in the EURO
 ....also bear in mind that at some point for some period GOLD will become the safehaven which results in a later topping in GOLD relative to the risk trade. This period seem to have started last thursday ! It could be a wild ride in the Prec. Metals for some months !
 The fact that the monthly DeMark Sequentials are falling  also supports the notion of no immediate disappearance of the bear.


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