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Strategies & Market Trends : Ride the Tiger with CD

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From: SwampDogg	4/24/2008 5:48:40 PM
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IMO everything looks good for a low in the PM market right in here. 50% retrace of the move from August 2007 is at about 402. Major stocks like GG held previous lows on much lower relative volume. It looks like there is an invisible hand in these markets. Banks gap higher for no reason and just hover and gold stocks are whacked down in the morning and look to be held. Either hedge funds or somebody with some pretty deep pockets. Looks like most starting to think that the worst is over and the Fed has done a great job. Amazing... Gold and silver hanging in there. Unless $silver breaks $16.30 on a close I see no issues with the IT bullish case. Best buy since last August. Amazing that a couple of juniors were green today. stockcharts.com stockcharts.com Tomorrow may be hammer time!

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