zinc reality check, page-2

Few months ago the long-term cycle in Zinc was due to turn down, it showed up in a price action and as warned, prices have been smashed.

If it was just to be a general correction Zinc had to hold its exponential rise, it did not.

If it was to show any strength at all it had to hold its slowest support line from the base last year, last night this broke. This correct is now larger then the correction last year price wise confirming that the long term cycle is in fact down now.

It broke downwards forming a running correction. This means some short-term cycle turned up to support prices while the long-term cycles continued to put pressure on prices. This short-term cycle seems to have turned down now allowing Zinc to resume its dive.

This action is taking its toll on ZFX now, a break of 16.17 would signal a secondary correction and prices should plummet to about the $13 range.

Now I will sit back and wait for all the excuses as to why it will not happen, when in fact it already has happened.