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<p>[QUOTE=&quot;InfleXion, post: 1596772, member: 29012&quot;]Technicals, or the story of the tape as Jesse Livermore puts it, don&#039;t really give that much reliable indication as to what is going to happen. They tell you what has happened, and then it&#039;s up to us to find out the reasons why after the fact. It is the reasons that will drive future moves, not the technicals. Although there are plenty of rules of thumb that are relatively reliable such as price staying within bollinger bands 90% of the time, and sure people will put their stops in at peaks and troughs, but those things don&#039;t drive the market movements, they are at the mercy of market movements.</p><p><br /></p><p>I think you hit the nail on the head that it is simply paper metals taking profits now before capital gains goes up. Once 2013 kicks off I expect things to pick up (portfolios done adjusting, Mayan calendar non-event makes people realize they still have to plan for the future), but if not then that would be a better indication to me that metals are in for headwinds than what is going on right now.[/QUOTE]</p><p><br /></p>

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