correction over?

I'll try to post some charts later. But anyways if you chart Gold, and the S&P 500, you'll find that they are ho vering about a major support area. (GLD- 107.xx, SPY - 109.XX). In fact gold seems to be forming a double bottom. You will also find that the US dollar is hovering around resistance (23.xx on the UUP).

So what will happen next? China has been saber rattling about reducing stimulus and loans, which is the cause of the recent correction. Even Obama's threat to Wall St. about closing the ability of banks to run hedge funds is likely just a farce for show, since the US government has already been bought out by the major big US banks. But what will the US government continue do? They will naturally continue to print money. So baring any major event that will upset the market (eg. terrorist attack, blah, blah), it's likely that the US dollar will see its high recent highs. So if the US dollar declines from now that will likely bode well for gold, and other commodities. Anything can happen but I say that it's likely a good entry point to get in commodities.