be bloody carefull, page-5

Well everything has its price and Zinc will continue north until that point is met. But has it been met now?

It formed a great consolidation pattern from May through to September, it should have just bolted from there.

It should not be getting pulled up this early. Spot price has had 3 stabs at the $2.07 level now.

What is concering me most is that it made a low at 2.01 before its last shot at $2.07, collapsed bellow that low and now can;t get above it.

It should be aggressively making higher lows if it was to break out upwards here.

I think ZFX offers a good opertunity to get out near the highs today. Even if Zinc does rebound and break $2.07 ZFX should be no higer then it is now, so in theory you can really limit your risk here.

I wouldn't be prepared to say Zinc's rally is over, I would have liked to see prices get extended a bit futher, but just becarfully.

Todays action in ZFX is definatly irrational exuburance.