23 replies to this topic

[mss]

And the truth was



I expect some bounce around, but a postive move for a week or so unless.................
mss

[bobalou]

my bs, we do not have the vol. on the slv & gld to move higher. i think we could pull back.a little..also, it's better when the silver leads gold.

[mss]

my bs, we do not have the vol. on the slv & gld to move higher.
i think we could pull back.a little..also, it's better when the silver leads gold.

Interesting point and here is an interesting chart.


331

Edited by mss, 25 January 2007 - 07:22 PM.

[SilentOne]

lou,

my bs, we do not have the vol. on the slv & gld to move higher.
i think we could pull back.a little..also, it's better when the silver leads gold.

I expect gold to at least test its high and I expect silver to break to new highs. They will break higher from here. And yes I would expect silver to lead every move.

I think the difficult part will be staying with this rally if you are trying to play it in a large way.

cheers,

john

[mss]

Just a little update here. Looks like a move to 141ish is in the making. Need a close above 136ish to firm it up for sure. Have tightened stops.


529
mss

Edited by mss, 31 January 2007 - 04:34 PM.

[SilentOne]

I sold my remaining SLV position today at 138.69. cheers, john

[SilentOne]

Silver TD combo count #12 of #13

cheers,

john

[PorkLoin]

Hey everybody,

Looks overall bullish to me, as in a big symmetrical triangle within an uptrend. Might have a while to go -- I think it counts best as only being in C of ABCDE.

From the early December high, it does look shorter-term bearish. Five waves down, then a diagonal triangle or rising wedge (bearish). That would fit with us having the have smaller c of blue C from early December. Since smaller b here would be a triangle, that means the next wave down would be the last - as it should be in a C leg of the larger triangle. Then, D and E would be still to come.

There's some pretty good volume spikes on the downward moves, and I don't know whether that should be a caution to bulls or is it's just capitulation.

I would add that the metals, in my opinion, are not the best for Elliott Wave counts. I remember some crystal-clear five wave moves that did not lead to what they should have.

Best.

Doug

Edited by PorkLoin, 13 February 2007 - 12:31 PM.

[mss]

Hi D, I have it breaking the top TL of your triangle. Maybe false, maybe not. Still long FWIW.

[PorkLoin]

Hey Scott, If it's not a triangle at all, then it could have just been a correction last May and June, and afterwards the advance is taking a while to really get going again. Doug