Needs to prove it is a back-test and move up with pos div present.

Bullish 'IHS' or Bearish 'Wedge'?. Needs to get above the Daily 100/SMA and 34/EMA resistance...

Potential threat of a 'H&S' too...

Tightening the first third stop. Remaining stops below the key averages and up-trend lines on the intra-day...

One more jump - Hopefully for the final third long/...

I have been following the Dow:Gold ratio...

Has filled the 'Gap' and now we need to see it reverse back up to negate the Bearish 'Island Top' at the 200/MA and prove it was just a throwback to the line chart breakout... otherwise it is down to the lower line of the 'Triangle' at around $18.

Also to be aware of is the 'H&S' that would sink it down to around $11. which would be a capitulation move that fulfills the Bullish 'Wedge' final leg shown on the monthly...

Silver found resistance at the 252/MA as suspected, the 'Doji' Spinning top left yesterday was a clue after all but reaching the Bull 'Pennant' Objective.

Also tagging the upper trend channel was indicative. As too was the 50/Week Average, I had been pointing out...

Am hoping the resistance on the weekly is taken out like it has on the Weekly line chart. But will hedge if it fails the 'Triangle' resistance.

Watch the upper 'Triangle' line on the weekly near the 50/Week average...

Approaching the 252/DMA which is the 50/Week MA...

At the top of the trend on the 30Min and popped the 'Triangle' on the 60Min.

Notice the 'IHS' played out to its objective..

Bouncing from the lower line and first objective  - watch the resistance lines and the averages for confirmation of a low completed - Otherwise the next objective comes into view just above the 200/DMA...

Stopped out of second third at yesterdays close. One third remianing.

Hope to get a chance to re-enter before it reaches its target....

if it breaks ...may hedge.

As there IS a potential 'W' Pattern here...

I had it as a 'Triangle' But there is also an irregular Inv 'H&S' if you cna see it. So watch the 10/DMA for support ad hang in for higher profits...

With the rout in Bonds and the stalwart currencies such Swiss Franc where is the new safe haven?

Fabtastic run - - Roll up stops.

http://bit.ly/1ID2evK