Wrong but patient

As I said last week :  Most trades do not pick an actual top or bottom and you have to be prepared to see a position go offside.  I expected some form of BS budget agreement to occur this weekend and it did not.  Action in gold and silver as well as stocks shows a lot of what looks like fund liquidation.  The damage is done and although this doesn't mean markets won't go lower I would tend to be more of a buyer at these levels than a seller - so I am holding to my postions.

Here is a good link : http://scottgrannis.blogspot.com/