So if you're listening to the financial media, they're talking about the market hitting a new "closing high". However, that's still not "new highs". Also, the Dow Transports are nowhere near their old highs and Dow Theory teaches that if the Dow Industrials and Dow Transports don't confirm each other, then the rally is typically not a bonafide rally.
Excellent average down opportunity for those who are not invested in metals!
Keep in mind, suggested averaging down points are in the portfolio area.