---
title: "Careful and Patient"
url: https://independentstockanalysis.com/careful-and-patient/
description: "The rally remains on hold and with the Euro having cracked the correction will need some time to play out. Higher morning futures followed by vicious…"
published: 2013-02-26
updated: 2013-02-26
---

# Careful and Patient

Published 2013-02-26

Posted on

by

J.J. Butler

The rally remains [on hold](http://www.thereformedbroker.com/2013/02/24/five-signs-the-rally-is-on-hold/) and with the [Euro having cracked](http://ibankcoin.com/chessnwine/files/2013/02/EURJPY1.png) the correction will need some time to play out. Higher morning futures followed by vicious afternoon sell-offs have been a hallmark of corrections in this cyclical bull. Be careful and be patient.

Excellent perspective in Gold From The Top Down by [J.C. Parets](http://allstarcharts.com/gold-from-the-top-down/). The precious metal complex was higher yesterday…

A look at SU and old friend CNQ at [Business Week](http://investing.businessweek.com/research/markets/news/article.asp?docKey=600-201302230006DOWJONESENRGYSVC000005-1&params=timestamp%7C%7C02/23/2013%2012:06%20AM%20ET%7C%7Cheadline%7C%7CBarron's%3A%20Black%20Gold%20In%20The%20Great%20White%20North%7C%7CdocSource%7C%7CDow%20Jones%20and%20Company%2C%20Inc.%7C%7Cprovider%7C%7CACQUIREMEDIA).

As Chesapeake has an earnings call, there’s definitely something — and somebody — missing at [Platts](http://blogs.platts.com/2013/02/22/aubrey-end/#more-7061). Felt like a spoof…only true.