RSG weekly chart, page-281

Here are the charts for last night.

If you're into goldies for trading bounces the HUI:Gold is moving into oversold territory but we are nowhere near a real rally signal.

Looks like a Doji on the Dow (third chart). Tonight should help set the important trend I'd say. Back to the stairway to heaven pattern or more to come from the reversal. I made this comment on another thread last night which is my feeling about this week.

"I think general market dynamics will be the theme/meme for the rest of the year. Once the safety net of the volatility suppressors has been removed, market behaviour starts to take on a less complacent meme.

I think we might see a slow flight to safety as people understand that rising interest rates/bond yields aren't helping to watch their investment backs anymore. In fact they better start watching their own backs now. I think that's the message of this week. Esh"