Technical Take Various Asset Markets

The long tail above the doji does not bode well for the index at the juncture where the conditions were little oversold. Hence, lets see how we react today. Anyways the news was out that there were some dissagreements between the Euro members on the bailout for Greece. Similar thoughts for SP500. This is still a trading range and the players who are not nimble enough should not particpate for the time being. 

 Its very much possible that we may have seen the lows of Gold and Silver. But the way the charts have been damaged its quite possible that we may easily take 2-3months to complete the basing action.