Replies to post #57308 on Traders Cooperative

[ItsAllCyclical]

I can see a lot more scenarios where the market declines if both of those go higher. The only scenario I can see where the market can go up is if there really are lot of greenshoots that I'm simply not seeing.

I have the S&P in an ABDE triangle currently with an E to go yet. Possible one more high coming after that, but nothing definate yet. My next move is probably to short general market again (try).

[ItsAllCyclical]

Looks like general market is going to press higher. Gold/PMs appear to be in synch. I'd say odds are decent gold stocks rally another 5-8% (big caps) short term w/the general market. TA looks ST constructive as well. Not adding positions here myself just letting what I have run. I still think IT there's more downside to go before 1K is left behind on POG.