I might not be the greatest technician in the world, but I would bet a lot of money that we will retest the highs very shortly....From there not so sure...Whether the market thinks we will have QE3 or not will probably be the determining factor as whether we make new highs. I say we we make marginal new highs and then crater as QE3 will not be enacted until market plunges 1500 points in the Dow. Then they will have the support for another round of easing. Gold and silver will slip, along with copper and oil. I will be buying these on the way down. Just my guess. Could be way off, just a thought or a dart throw, but it is my best guess.
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