Higher or lower, the direction of the next, probably meaningless, feint is a coin-toss right now, so there’s no point in getting all het up about the supposedly bullish or bearish pattern you may have detected with your magnifying glasss trained on the 5-minute chart. Like the chart I’ve reproduced with today’s Gold tout, the one for December Silver (see inset) shows where to set alerts that can tell us when to get excited. Incidentally, the pattern that produced the lower alert is findable on the 60m chart, where A=36.680 on 9/22.
