As an academic exercise only - Silver on a Daily.....wouldn't try and trade off this however.....
http://www.screencast.com/t/ogkEpqs0g3mJ
beeb
http://www.screencast.com/t/ogkEpqs0g3mJ
beeb
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Dislikedhttp://www.minyanville.com/businessm.../2011/id/34234
What does anyone think of this? A correction to $33. It sounds quite logical to me but I have to have the opinions of some experts here.Ignored
DislikedVery nice. With all the volatility that I have heard about in metals, this 1 minute chart and fork is beautiful. Also gives some important "lines in the sand" possibilities.
FX4Ignored
Dislikedcommon revesal price configuration, may correct first
think about why a diamond is a reversal from a price structure prespective - its a shake out before change ..... its shape makes its difficult to take profit either long or short - it squeezes both sides of the trade and then breaks hard
check 5min gold right now, a cluster resolving, prices dropped a bit, now its retested - can be a correction atleast intraday on metalsIgnored
DislikedIgnored
DislikedBoom down she goes
44.75 and 43.60 on the 4H fork
No even lower its going back to the longer term trend line!!Ignored
DislikedSilver futures are close to 10% down since my post here yesterday. This is just the beginning.Ignored
DislikedYes, we will probably have more lol in coming days... 6-7 dollar down in silver in 20 sec and the hulls will probably call it a "minor" correction with Sunday seasoning...
Oh well, I better look after my gold SHORT at 1575.5Ignored
DislikedI was SO close to opening a short at $1573 ish and am so regretting it now. I can see silver touching $40 at this rate.Ignored