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Frank Pembleton

04/01/09 3:13 PM

#18711 RE: KastelCo #18710

K...I'm trying to understand the move in the PM sector...on the chart below, we went from a HnS top, and it stretched out to become a double-top - but if that wasn't bearish enough it decides to break out again today without a corresponding move in the bullion, silver or gold for that matter.

Are the stocks leading to something that I'm really going to hate to miss...?

fwiw, I don't like the pattern. I don't like the ADX - no trend strength - it signals a sideways market. But I do like the OBV, accumulation is what's leading this stealthiness in the charts.