Bubb, look at the dollar - http://stockcharts.com/charts/gallery.html?$USD
It is over bought short term quite massively, but on the weekly chart it has formed a huge W bottom.
BTW Morgan thinks we are near a low
It has been busy to say the least, many have asked if this is THE bottom?
No one can state for certain but I will say I do think this is it, I have
been looking for a spike low in silver and gold. This is certainly a spike
low, the question becomes is this it and do we go up from here?
I think we do and now is a good time to finish your buying in metals, and
mining shares. I would want to see a few more days of trading to think
that my analysis is verified, but time will tell. My personal plan is to
be able to buy over the next two months. I did purchase some physical
silver today, and also bought PAAS and SLW on the open. I am off about 4%
on each of those by the close.