C
CascadeFarmer
There is no case for the bulls. Interesting to see the disparity in gold stocks getting a boost while gold goes up and silver stocks getting slammed while silver goes up. Today silver retreated yet silver stocks got bought up from their very oversold status. Silver stocks were already a bit washed out before this recent debacle. For all you guys buying physical silver it needs to come from somewhere.Not saying there isn't a case for the bulls. Bear markets tend to have huge rallies, but a 630pt swing in the final hour of trading?
As the the bear market thing...I spent some time studying with Chris Manning, who's not very well known but an excellent technical trader, and he said that everything in bear markets work about the same technical wise except stocks hit your target points faster. I'm talking about classical chart patterns.
Like I posted a few days ago I thought it was VERY interesting that IBD now offers a course on short trading for bear markets.