3 replies to this topic

[gannman]

if u look at the lt chart of ssri from 99 lows to top in 07 ssri did 5 waves up. then it did an A wave down a B wave up into may of 2011. look at the decline from 2011. that is a C wave which is complete imo. that stock is not going down to test the lows again. and that has implication for the whole sector imho . all fwiw

[Russ]

Good observation Gannman, there is a huge wedge on the chart from 2011 that it just broke out of, it looks very bullish and my oscillator is pointing towards late 2019 or early 2020 as the next major peak for Silver Standard Resources, which is also the pi cycle low time when confidence will be at a low for the economy.

[Russ]

Gannman, here's what the chart looks like...

[gannman]

tx russ much appreciated .