25.19 = 20dma, todays low 26.40 was just above the 10 dma. considering the 25.19 or somewhere near it might be wave A, 200% expansion of the down move today is 25.10 , another point to watch
Cowboy I think we have seen w iii of A, if so A might be at 25.62. ... Shallow retrace for B, perhaps 26.38, with C running down to 23.60 / 23.80 . . . .C = A @ 24.44 .... C = 1.27 X A @ 23.84 , just a possible framework.
Good buying opportunity with this pullback. I follow a system of Delta points that say a high will arrive no earlier than next Wed.
Today was the 50% retrace point as listed above. Got the day correct, if not the hour :) Thinking that we head to at least 25.50 for this impulse Wave A down. Sharpie, any thoughts on where Wave A retrace finishes or are your price points listed above still what you're thinking?
Wow, I've been out an hour and 35 mins, what a change in price, 38.2 % retrace at 24.75 seems likely . . . not ruling out gap fill or support at 23.86 / 23.61 . Last for SLW 26.52 dn 2.2%
there you are otto- i thought you killed yourself based on what was going on this morning- you otto know better than to wage a short and distort campaign
The gold and silver CALL WRITERS at the slimy banks and funds FILLED the gold/silver message boards today with BOGUS PUMPS of these WORTHLESS golds and silvers.
THAT is standard BEAR MARKET strategy----and the gold and silver CALL WRITERS have been SCAMMING retail baggies each and every day for the past THREE YEARS LOL
Condolences in advance for the coming WIPE OUT of ALL your 2014 gold and silver CALL options, again!!! LOL
As per the norm, the WORTHLESS gold and silver stocks FAILED as a flight to safety during BOGUS financial turmoil this AM.
Hope all the retail baggies did NOT fall for the gold and silver CALL WRITING SCAM, again!! LOL
Opened at the high and has been lower ever since. Setting up for a shooting star top if price gaps lower tomorrow or price closes in the red today. 127.2 fib of 20.03 / 26.10. = 27.75 = another layer of resistance just above. 8/1//2013 resistance = 27.68, 8/20/2013 = 27.65 present resistance.
What charts? I never posted any charts. Sounds like you have a fear of heights. Now don't panic as we move over 30 by next Wed. temporary top. Just take some deep breaths and keep saying "Everything will be alright." Repeat this over and over as we go over 30.
The only mark you get are the scars for all the bad calls.
Pick enough scenarios and your broken clock MAY reflect the right time once or twice.
As I implied last week, your charts are garbage. Wake up and smell the air. It's called fiat paper burning in Portugal, Spain etc amidst the dry, acrid mid-east odors.
Neat! Just finished "The Harbinger" by Jonathan Cahn, everyone needs to read it. Of course everyone won't. A bit of Gann style timing in the book along with US and Wall Street history. The Buttonwood Tree, first trading floor for the NYSE was under that tree.