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 683.38

+0.1%

Nov 12 4:00 PM EST

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To: GROUND ZERO™ who wrote (40903)	11/28/2012 10:42:39 AM
From: Keith Feral	Read Replies (1) of 218748

Stocks were down 10% from the peak, oil prices are down 20% from peak - both in September. Pretty much a run of the mill correction with lot's of capitulation 2 weeks ago and now some retesting of the lows. I think GLD could tap 162 or lower. Last year it bottomed around 150. It's still in a price area that deserves distribution, not accumulation. Where it goes yet, it's anyone's guess.

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