6 replies to this topic

[Hawk]

Silver looks ready to explode to the upside. I try to keep it simple and mostly just follow the commercials and the acc/dist lines, although I do like to follow the inter-relationships between the various markets for clues as well (dollar). The acc/dist line on silver has risen much faster than the price over the last couple days signaling a strong move up is coming very soon. Look for possible strong moves today and/or tomorrow. Gold & copper should follow.

[VolPivots]

I thought it could as well until tonight. Looks like it could easily implode here with the rising corrective looking wedge. 6.661 is the VST line in the sand on the Sep contracts....potential for a crash down to ~5.2 is there......

[Hawk]

It certainly didn't explode to the upside like I expected. I think this pullback will be short lived though. Practically everything depends on what the Dollar does and yesterday's rally put a damper on things. We may chop around for a while but I doubt metals will fall much from todays opening. It all depends on which was the fake out day, friday or tuesday. We should know by the end of today.

[Hawk]

Looks like my signal failed to produce much of an explosion to the upside...I made a couple of good trades off this initially but have given it all back since...now looking for sideways to down action thru end of aug. early sept. where I'll be watching for an opportuntity to get long metals, bonds, & currencies once again. And grains too! Looking for crude prices to collapse if the Dollar stages any meaningful rally next week.

[Hawk]

Got long SI, GC, CD, & US this am before report came out based on a weak looking DX in last night's charts. Back to my original plan...will also go long WU & HO early today based on bullish signals I have on acc/dist, trend, price and seasonals.

[Hawk]

Exited all for nice profits, especially on the CD & US. Had planned to hold SI, GC, CD, HO, & WU longer term but didn't like the small moves up in SI & GC, expected more than that. WU had poor looking action. I'm starting to think the DX may be at a st bottom again and may rally from here into early Sept. GC & SI should have taken off today but all they did was stay in a small range allowing every small spec get long for the w/e. I smell a huge dump coming on monday on metals in particular. Can always re-enter at a later date if the charts say otherwise. I trade futures & options in bonds, currencies, & commodities. Have never traded stocks but have learned a great deal lurking here. I hope my recent posts have contributed something useful to someone. Just trying to give back the best way I know how.

[Hawk]

As usual I was a little early...load the boat we're going to the moon...$16.00 SI before end of year is my FF.