RELATIVE to its fast dying sector, in which most of the silver poopers have lost some 95% of market value over the past few years, SLW remains THE most obscene bubble that I've seen in all my years of expert trading! That there will be an imminent SLW CRASH is not subject to speculation, the only variable is "WHEN???
Wow, thought you might be different this time, gave thumbs up, replied to one of you post etc, You don't seem to want to learn or add anything to the thinking, if you disagree at least say why and maybe add what your thoughts are and why . . . back on ignore
Man...you forget the biggest factor of all, the many hands "adjusting" the very parameters you attempt to cling to on a daily basis. Geocentric Saturn turns direct?? #$%$???
Ref: 20.73 , Last 20.75 . . . Not much range overnight. Doubt price makes it past the 20.86 resistance today, hourly RSI is still below 50% (37.14) , likely gets rejected at or near the 50% level later in the morning
Other side of the Question I meant to include is do we pivot today and head toward a Higher High above 27.66, after all price is A B C down. So price action at overhead resistance seems to be all we have to go on. The level around 26.40 seems pretty impressive, so I think it will hold and likely hold for a while again when price moves up from the retrace low. near 23.37 / 23.70 next week.
Today is the BTD, a pop to 26.19 / 26.33 and drop into Friday at 23.40 is the question of the day.
7/20/14: Geocentric Saturn turns direct
7/21/14: Geocentric Uranus turns retrograde
7/22/14: DOW Geocentric Mars 72°
7/22/14: Sun enters Leo
Suggest a pivot over the weekend = Down into Opex
Mort Zuckerman, writing in the Wall Street Journal, notes the deceptive nature of the hype surrounding the June jobs report showing the addition of 288,000 jobs. In reality, full time jobs decreased by 523,000 according to the Bureau of Labor Statistics — a shocking number that is obscured, but hardly offset, by the addition of 800,000 part time jobs.
Following the release of the June report, President Obama proclaimed, "Make no mistake; we are headed in the right direction." How can that be, when only 47.7 percent of U.S. adults are working full time?
It can't be. Janet Yellen, head of the Fed, acknowledged as much in March. "The existence of such a large pool of partly employed workers is a sign that labor conditions are worse than indicated by the unemployment rate," Yellen stated. And the unemployment rate itself is still too high.
Zuckerman, a liberal but also an entrepreneur, finds that Obamacare has played a significant role in the inability of our economy to generate a satisfactory number of full time jobs:
'[T]here is one clear political contribution to the dismal jobs trend. Many employers' cut workers' hours to avoid the Affordable Care Act's mandate to provide health insurance to anyone working 30 hours a week or more.'
'The unintended consequence of President Obama's "signature legislation?" Fewer full time workers. In many cases, two people are working the same number of hours that one had previously worked.'
In sum, says Zuckerman, "we are not in the middle of a recovery; we are in the middle of a muddle-through."
The news about George Soros was in 2005 was new, according to their latest article? This should be criminal to me, how they can pump and dump by spreading this news. Everyone already knows about the Paper markets in the futures, the question more important, is when will it stop?
Silvers real worthless probably closer to $100, problem is when will you see the true value when its been manipulated for so long.
Good move Sharpie. I closed my short late morning too, a bit too early perhaps, but not far off low of the day. Took a small long here for the B bounce and will likely close that out early tomorrow and short again.
Considering 25.52 Was Wave A, 200% of A = end of the retrace at 23.40, 26.19 For Wave B ? Anyway, I'm in cash, will likely short again in the morning if things look right. Or 25.52 was the end of 3 of C and the 4 runs back to 26.19 and 5 of C runs down to at least 24.37, max should be gap fill.