1292 replies to this topic

[dougie]

top of channel

[ryanoo]

DSI Jul 27.

gold 100, silver 100, platinum 99.31

This momentum can go a few days,

or not

[gannman]

we are uncharted territory. what i can say is based on my ewave count

 

we are in the middle of the most powerful part of the whole advance

 

meaning we should see very little pullbacks. of course my count could

 

definitely be wrong. anyway i am holding and have no intentions to see fwiw 

[AChartist]

We may have a new cycle high indicated in 5 days, $silver

Edited by AChartist, 27 July 2020 - 06:40 PM.

[dougie]

https://kimblecharti...y-next-stop-27/

[K Wave]

OK, Silver gettin' a bit ahead of itself now as it comes into the first post-launch target zone....

 

Taking a big chunk of the futures off at 26+

 

Will take even more off at 27 if we get there

 

 

Hopefully be able to pick back up a couple $ cheaper a few days down the road

 

Thinking a trading range between 22ish and 27ish may develop for while after this blast peters out.

[K Wave]

DSI Jul 27.

gold 100, silver 100, platinum 99.31

This momentum can go a few days,

or not

Yeah, that is going to need to be worked off for a bit once this blast finishes.

 

May not amount to a whole lot of price damage though....looking for possible initial sharp reaction back down, and then back up, and then mostly sideways for a bit...

[JGUITARSLIM]

OK, Silver gettin' a bit ahead of itself now as it comes into the first post-launch target zone....

 

Taking a big chunk of the futures off at 26+

 

Will take even more off at 27 if we get there

 

 

Hopefully be able to pick back up a couple $ cheaper a few days down the road

 

Thinking a trading range between 22ish and 27ish may develop for while after this blast peters out.

 

Looking at Silver monthly - $26 was my target for this run as should serve reasonable resistance, based on multiple monthly lows back in '11/'12 time frames.

I'm not really EW guy but thinking we are currently finishing minor {wave 5} of Major {Wave 1}.   

[CHAx]

spooky action last 10 minutes.   This looks like ST top to me, slightly higher than I was expecting.  No guts to short, unfortunately.

[K Wave]

Well that was a bit faster than expected...but I'll happily take the 26+ sell for now.

 

Like I said, the reaction down might be swift.

 

But eventually will likely lead to some choppy action for a while, as volatilty dies down...

 

My best guess is that at some point we test the 22.50 area again...where I would look for signs that it is turning into support for next wave up.

Edited by K Wave, 27 July 2020 - 11:29 PM.