Today was definitely a downer if you a bull and there is some just cause to be concerned, but for the most part my charts suggest higher prices are coming. The McClellan Oscillator is somewhat worrisome and not to be ignored, but if we bounce soon there won’t be any damage done technically to this chart. The rest of the charts are fairly self explanatory and I’m going to disagree with many of the bloggers that feel we’re heading back to the Jul-Aug lows – for now.
