*Laird Cregar, of course it's hard to envision this, and that's what usually leads to such a sharp decline. These declines come when least expected. Now one thing that I could add into the bear column is the volume over the past 2 trading sessions has declined vs. Wednesday. This might be slight, but it's bearish divergence nontheless.
Another factor that could lead to a further market demise could be the bottoming of oil. It's no secret that the market can somehow see the future and it wouldn't surprise me to see the market top out at days before oil bottoms. Or days before any other type of action that would affect the markets.
If the market starts out Monday or even as late as Tuesday by initially spiking and toying with the 61.8% fib level, then it would likely trigger sells. Right now the market sentiment seems overly bullish to me, with no one left to buy, I can't see the market has much more space to run. But then again, the markets are manipulated, so gravity could still defy logic, but I'm siding with reality here, and the next 2 weeks look very pivotal.
Next week, the market may find a top and begin declining, while the week after, it's possible that oil & commodities could begin rising. And of course the U.S. dollar is the wildcard with the housing bubble on the backburner... Things are getting interesting. Even the Federal Reserve meeting is coming soon again, isn't it?...
Get ready, for some reason, I don't see this coming summer being as dull as the last!
HI-HO SILVER !!!
