A good morning so far. OIH is one streaming chart I watch constantly, and – – in spite of gold's strength – – it's terribly weak. In fact, it's down more than any of the big equity indexes. As long as we hold below 171.54, I am staying with this short. A break below 143.65 (the horizontal line you see below) would mean a big break down. I also accept the possibility that we may just be starting to form the right shoulder of a gigantic head and shoulders pattern, and if so, the breakdown of this chart won't happen until next year.
