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Re: silver: is this the ceiling? nope? maybe?/Cora

Hi Coral,

Excellent !!!!
Taking apart your comments ....
How many days has silver moved up? Certainly 4 but do you include 3/17? a slight up day? or just skip it as it was St. Patties Day ??

Can you explain this, don't know what the #2 point is ??
How many days has silver corrected since the # 2 point high was made ?

I suspect you had a "down" bar today on your chart.

I had to do a little "Sherlock Holmes" on this !!

This first correction from a 5 day move to the ups side is to be expected and allows a entry point.

On my charts I cannot isolate the day/pit data from the Globex so right now my silver bar for today is up (37.36).

On This:
Silver has not rejected anything. The trend is still intact.

I agree and a correction on this rise from 3/17 of only a third will inflict some serious pain to piggy !!

I like your suggestion. Stand aside a couple of days, the odds are it will correct a bit.

My RSI21 is sitting right about 70. A good discussion for another day !!!

Thanks, Lee

Messages In This Thread

Re: silver: is this the ceiling? nope? maybe?/Cora