keep an eye out for Palladium in the lower blue blox

last post on palladium:

note, Palladium did not take out the low from a couple days ago BUT sure does look like a dead cat bounce . that being said, corrective forms are usually 3 waves so perhaps we go up again to finish off the correction or we just dump lower from here .. that is the question.

either way, the amount of selling and thrust right now begs of caution if long but you might want to perk up as we go into the 1500-1700 level on spot palladium.

also, don’t need to catch a falling knife so watch this level, let it bang around an, perhaps buy on a retest.

Important Correlation

chart below has Palladium w/ the NYSE Index overlaid on top.

the candles are Palladium and the blue line is the NYSE Index ($NYA)

note, currently, Palladium is correcting pretty steeply … in the past, this has led to the overall stock market to correct also. is this time different?

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