I'm guessing the dept-ceiling being raised has something to do with it.
-L
-L
Is it obvious by now? 2 chances at $26 you will not get another. Notice the positive divergences on the second move down in late December.
Be watchful of $35 price, closing for three consecutive days in this areas is sure sign of bull.
I'm going to try to post a graph
If this worked then we can see the resistance line in play. Once taken out I would target silver to move into the $70 range before the next correction could take it back down to current levels before the big ass run :). Silver will make those inflated highs in the years to come but not without taking out all the weak hands and sending them packing for good :)
If it does, you could sell some at around $70 then--when it went down to around half that you could buy about twice what you sold.
Obviously no one knows exactly what's going to happen, but how likely is that to happen? If it does, you could sell some at around $70 then--when it went down to around half that you could buy about twice what you sold.
Exactly. Stick with the fundamentals. That's what the buy-and-hold physical silver long term investors do. The TA guys get so twisted up in their terminology they forget the fundamentals.If all this is being manipulated...what's the point of charts? No disrespect but, I think we need to know the "inside guys" for the dips and such. Of course, when TSHTF and Crimex is gone, then we'll see 200 dma be a thing of the of past...then it's time to sing "Rocket-man"...otherwise...I'm holding and watching.
Only way to know is to assess if and when we get there. I'll be the first to admit I've been wrong about markets before. Some points are clearer and more sure than others. I'm still learning to only take action on those of the highest surety. I did buy everything I could in the $28 range on the second dip. Previous post outlined when I bought 12-14. Wasn't the bottom but sure could smell it from there :)
That is it, many on GIM will envy you for doing right, and it was made possible because of your knowledge of chart and technical analysis.
From the comments of posters we can learn how many times they have fathom the bottom and raided the top. I have personally lost my win, from 2007 correction and that is why I pay more attention now to correction.
Let begin the new era of next upward wave, should we continue with same thread or start new?
Well,being a new year and all,maybe you could "freshen it up" a bit with a new thread title,while keeping the old info.![]()
Other markets are manipulated for the purpose of making money off the manipulation, both upward and downward. Gold and silver are very different in the sense that they are manipulated DOWN for the purpose of keeping the dollar up and to prevent these metals from becoming and alternative to the biggest scam in the history of mankind; the Federal Reserve note.Most markets have manipulation forces. Stocks have the plunge protection team. That doesn't mean technical analysis doesn't apply or is unuseable.
Other markets are manipulated for the purpose of making money off the manipulation, both upward and downward. Gold and silver are very different in the sense that they are manipulated DOWN for the purpose of keeping the dollar up and to prevent these metals from becoming and alternative to the biggest scam in the history of mankind; the Federal Reserve note.
Great so we have crossed 35.50 and moving further
More of a pause with a partial retracement of the move from $26 to over $37. Would not expect it to go below $30 at this point. Markets will always stair step and never in a straight line.When you say correction-how much of a correction do you mean?
Yup...you're very consistent.nice call lightcycler!
Yup...you're very consistent.
I just want to say technical analysis indicated the silver market was overbought. People will jump on the manipulation bandwagon today on the smackdown. Technical analysis takes the emotion out of this and allows me to sleep very easy at night not being suprised by this move today at all.
lol do you have some kind of sick obsession with me? you seem to follow me around and make bizarre replies to my posts that I don't even understand the majority of the time.
The purpose is to remind you that the validity of testicle analysis is dwarfed by the importance of the fundamentals.For those that don't buy into technical analysis what is your purpose in a thread about technical anlaysis other than to troll?
The purpose is to remind you that the validity of testicle analysis is dwarfed by the importance of the fundamentals.
Really hoping dlod, kitcko and others won't backoff. There is strength in numbers and viewpoints. For those that don't buy into technical analysis what is your purpose in a thread about technical anlaysis other than to troll? Really doesn't bother me just seems like such a waste of time.