Noticed that - up volume was huge. Also, short term positive RSI divergence. Possible key reversal day. Several PM stocks appeared to successfully re-test the prior week's lows. Finally, UUP (proxy for the $USD) put in a topping candle on record volume. With a possible short term top in $USD, oversold conditions & bearish sentiment, we are setup for the start of a rally into the spring. I plan to buy more silver and platinum/palladium stocks (PAL, PLG, MVG, GPR.to, ELR.to), maybe even some more GDXJ.

Regardless of whether we bottomed on Friday, I believe the next rally will be the last one until the fall. Even though the correction in the overall market has been shallow, it "felt" worse. There's been a lot of technical damage and the next rally may not make a new high. If it fails to make a new high, it will trace out the dreaded "head & shoulders" pattern on many indicies. I plan to sell into strength and hold a lot of cash this summer.