The anticipated correction in lead that I have been discussing over the last several weeks now appears to be underway. As I pointed out last week, "However, the parabolic nature of the rally is a cause for concern. Even though bullish fundamentals continue to support the market, the steep climb seen in the last few months, in my opinion, is unlikely to be sustained much longer. We have already seen a sharp pullback and a subsequent recovery rally that, so far, has fallen short of matching the previous high. Such price behavior is often seen at market tops." Clients were advised twice in the last two weeks to exit profitable positions.  Given the failure to make new highs, new purchases could be considered at that level...