David, thanks your analysis, call me Shaun... I'll actually post a chart later on which shows that the markets haven't broken out, I like to use the Nasdaq Composite as a market indicator, and it hasn't confirmed a breakout, in fact, it could actually be at the very end of a leg 4 in a bearish fan, in other words, if it fails to break a resistance line with confirmation, then we could be on the midst of looking at an entrance into a wave 5 breakout to the downside out of the fan...
And the past 2 days could be nothing but a bear-trap that got turned into an even bigger bull-trap that's about to get flipped upside down... I'd imagine the total short position in the markets is now ultimately near or at a low point thus far this year... thus good conditions for an accelerated down-slide if what I propose as potential resistance does in fact act as such!...
We shall see...
HI-HO SILVER !!!
