i cant believe what is happening to SLV, just took a loss on a long term
about to take a loss on another.
every indicator had support …. all stops blown away
my guess is .. take out pm first then take out SPY … really unbelievable.
friday for PM is usually rally so that the dealers sell physical at a premium.
want gold or silver ? buy some this weekend
Looks like we are getting our wave 2 up today gang… meaning that the next leg down probably won’t happen today (unless we roll over into the close?), and will be early next week.
I see a rally of sorts happening, hope it lasts till Monday so I can buy bear etf’s. It might.
I don’t know what you guys see, but I see a big bear flag… which could play out on Monday? I don’t see anything to be bullish about into Monday.
I seen that… I guess some of the big boys are getting hit with margin calls?
SPY Support level: http://niftychartsandpatterns.blogspot.com/2011/09/spy-support-level.html
SPY is next imho .. maybe next week …
i cant believe what is happening to SLV, just took a loss on a long term
about to take a loss on another.
every indicator had support …. all stops blown away
my guess is .. take out pm first then take out SPY … really unbelievable.
friday for PM is usually rally so that the dealers sell physical at a premium.
want gold or silver ? buy some this weekend
Looks like we are getting our wave 2 up today gang… meaning that the next leg down probably won’t happen today (unless we roll over into the close?), and will be early next week.
GOLD Falling into the weekly channel: http://niftychartsandpatterns.blogspot.com/2011/09/gold-falling-into-weekly-channel.html
SILVER Breakdown below 50 week moving average: http://niftychartsandpatterns.blogspot.com/2011/09/silver-breaks-50-week-moving-average.html
ES Hour chart analysis: http://niftychartsandpatterns.blogspot.com/2011/09/s-500-futures-hour-chart-analysis_23.html