Dan,
Sheesh, just a little while back everyone and their siblings in the dismal sciences and newswires were calling for $200 POG, now they can't shut up about $300.
Let's hope they underestimated the upside as much as they overestimated the downside.
Also its funny that so few of the pundits had an inkling, gee whiz, aren't they connected (or are they just liars?).
Here's how I see it, I REALLY liked that pullback to 278 range today, without that I'd be nervous on the overnight. The shorts had to make a stand. When they did and POG busted back up through resistance at 282-283 the second time, that was very significant. The shorts are now in trouble and they know it and there is not a whole bunch of resistance between here and 300 area. At least not as much as we busted through already.
Any opinions welcome, like I tell the wife, I'm never wrong, I just may not always be right.
VBG
Roebear |
