silver.. wave 4?

Fib? Recall my gold crash post. Looks like fibs chat may have marked the bull market top. Just making fun I think silver will bottom in wave 4 with recent bump as wave b. That is silver 36 ish.

Edited by dcengr, 03 May 2011 - 12:09 PM.

Based on the Parabolic SAR, the stop for any longs was at 43.76 on SLV. which was hit yesterday. Elliott wise, I do believe 43.58 on spot silver was the target by two different measures, but a bit of leeway of about 2% would remain within parameters because of the natural sling shot effect on prices. With Elliott a lot of what one works with is solely dependent on the degree of trend as well. So if wave (3) was actually completed last week, you're looking at a .382 retracement of (3) at $40.82 spot. So taken between the two, $41.77 seems to be an important number in the pullback. Fib

So you buying at 41.77 after all the money flow talk and chat?

slv.........S@41-40.........38............35 one may go long when daily rsi2>rsi3!

Edited by vitaminm, 03 May 2011 - 12:36 PM.

So you buying at 41.77 after all the money flow talk and chat?

One asset class has absolutely nothing to do with the other...they both beat to a different drummer.

Fib

rd -

I think the call fib made for $65 silver you were referring to was here in April: http://www.traders-t...?...st&p=572994

since we are not paid subscribers, Fib doesnt give us his stops, or tell us about changes or updates he has made after he makes a call, nor does he have to... so, I guess he put a stop in at a certain point and just didnt tell us about it til now.

but whatever it is, it is boring to have to listen to Fib's pedantic lectures on what he did or did not do - or make me read his confusion with homonyms like libel and liable, instead of reading about TA - it just gives me the creeps, and slows down a perfectly lovely day - I like your analysis and I hope you keep posting it.

in the meantime, I think with the volatility, silver is going to pick itself up off the floor sometime, and I am leaning to seeing Fib's target eventually, too.