Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: rubbersoul who wrote (16572)	3/29/2011 10:09:30 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) of 219000

If we bounce tomorrow, then I don't think we'll work lower again... the pull back was a combination of two factors, i.e., increased margin and option expiration... I think by now those who had to cough up the extra margin have already done that, this market is now poised to launch... of course, I really don't know, but it just looks that way... the silver rally of the past two months was not fueled by the small investor or trader, but by those taking delivery, so I think the top is still a long way from here... right now, we're entering the bearish season for gold and silver, the bullish season begins again in November and December, but I think this market is still going higher until then, and at that point we should see aggressive buying that would take these markets to much higher levels very quickly... all just a guess, of course...<g> GZ

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