I'm still playing around with circles/ellipses. 60 min chart gave a good signal yesterday (which I didn't believe...), and now it's showing big move for Monday (second chart is a close up).
My ultimate target for Silver is the old high sometime in the Spring of next year.
If we get a selloff and more recession risks I expect silver to lag and sell off but the first quarter of the year is a seasonally bullish time for gold and silver.
Odd note about silver and gold, RSI is a good indicator for calling tops and bottoms.
If the price goes parabolic switch to MACD.
Gold and silver are tough to call since both are heavily manipulated (margin calls).
Last edited by dcurban1 on Fri Nov 18, 2011 12:00 pm, edited 2 times in total.
uempel wrote:I'm still playing around with circles/ellipses. 60 min chart gave a good signal yesterday (which I didn't believe...), and now it's showing big move for Monday (second chart is a close up).
Fuzzy.png
close-up.png
if it's a big move, it looks as if there's more room to the downside on your chart. or am i reading it wrong?
uempel wrote:I'm still playing around with circles/ellipses. 60 min chart gave a good signal yesterday (which I didn't believe...), and now it's showing big move for Monday (second chart is a close up).
testing OR high with 2 Doji, so might be a pullback here. this pullback will tell us if bulls are strong or not. I'll comment later.
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uempel wrote:I'm still playing around with circles/ellipses. 60 min chart gave a good signal yesterday (which I didn't believe...), and now it's showing big move for Monday (second chart is a close up).
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