--------
Same chart with a potentially more bullish slant. Still, I can't help seeing that as a false breakout...
The Rubber Room
Started by
SevenOfEleven
, Oct 26 2003 09:59 PM
16 replies to this topic
#11
SevenOfEleven
-
- Traders-Talk User
- 72 posts
Member
Posted 27 October 2003 - 08:53 PM
10/27 - #2
--------
Same chart with a potentially more bullish slant. Still, I can't help seeing that as a false breakout...
--------
Same chart with a potentially more bullish slant. Still, I can't help seeing that as a false breakout...
#12
SevenOfEleven
-
- Traders-Talk User
- 72 posts
Member
Posted 27 October 2003 - 08:55 PM
10/27 - #3
--------
Last one for now...
--------
Last one for now...
#13
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 27 October 2003 - 09:21 PM
7/11
It's also at a monthly stochastic range (+80) where it's reversed several times before.
ufo
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#14
SevenOfEleven
-
- Traders-Talk User
- 72 posts
Member
Posted 27 October 2003 - 10:01 PM
Yes - lots of negative points where we're at.7/11
It's also at a monthly stochastic range (+80) where it's reversed several times before.
ufo
I still can't quite figure this one though. I think that scalloping action moving up through those SMA's is what's got me in a quandry as it looks bullish from that perspective.
If it can break through the top of that blue channel (first reposted chart) then perhaps that channel will have been part of a cycle (see first repost) that's about to turn up.
Commodity charts in general are difficult for me to read...
#15
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 27 October 2003 - 11:19 PM
7/11
I haven't looked at a silver chart in over a year before today, but this looks strangely like a fully developed weekly head and shoulders that's about to drop like a shot duck. (1 chart)
ufo
I haven't looked at a silver chart in over a year before today, but this looks strangely like a fully developed weekly head and shoulders that's about to drop like a shot duck. (1 chart)
ufo
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#16
PIK.
-
- TT Member+
- 837 posts
Member
Posted 28 October 2003 - 04:55 AM
SOE and UFO thanks for the Silver charts. I have found that silver seems to be somewhat of a tricky beast analyze.
Trade based on what you see happening, not what someone else thinks or hopes will happen.
#17
blustar
-
- Traders-Talk User
- 6,180 posts
blustar
Posted 28 October 2003 - 11:44 AM
The chart of silver looks like it could go back to $3.50 and double bottom. If it takes as long as the previous impulse down, it could take 5 more months. That time frame doesn't fit in with the 10.67 year cycle though. Could it be we get a shakeout down to $3.50 in November?
I have maintained for about 6 months that silver looks like it could double bottom near $3.50. Silver's cycle would then be up until 2008, while gold looks like it will peak in 2006.
blustar
