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 665.67

-0.9%

Nov 17 4:00 PM EST

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To: Machaon who wrote (49481)	5/1/2013 10:19:54 AM
From: GROUND ZERO™	Read Replies (1) of 218917

Who knows what this afternoon will bring, but you can see how both gold and silver broke down out of that wedge pattern... most of the time, if not all the time, those wedge type patterns are broken when the price is about 65% through the wedge... and so, time was ripe for this kind of break out, and since it was a bearish wedge, the bias is to the downside... so far, both gold and silver are following the path given by their respective charts... GZ

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