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Silver Wheaton Corp. Message Board

  • yourdeadmeat69 yourdeadmeat69 Dec 8, 2010 6:49 PM Flag

    Tracking the Two Days Downtrend

    If a short would publish something like the below, from the Nasdaq stock tracker, some science, there might be explanation where we are going this week.

    Considering no inflationary forces have abated, on the contrary, they are just being executed and set in motion, here's the Nasdaq analysis and prediction. They have been accurate about 2/3 the time.

    PRICE ended 38.21, -1.07 pts (-2.7%), on Wednesday, 8 Dec 2010, 5:25 pm EST strong down from yesterday's close, which itself was a strong down.
    Daily typical price range from yesterday's close : ± 0.8 pts, ± 2.1%, 1.5x: ± 1.2 pts, ± 3.2%, 2x: ± 1.6 pts, ± 4.2%

    86% of the time a stock's intraday price remains within the 2x range.

    VOLUME 15.01 mil shares, +116% compared to typical daily volume past 6 months, second day of strong volume, abating only slightly from previous day.
    Nasdaq offers this to be a High Volume alert!
    Typical daily volume is 6.96 mil shares.

    Overall Summary of bullish and bearish indicators, a general guide.
    BULLISH None

    BEARISH Probability - Intermediate trend bearish, Unsustainable uptrend, may turn sideways.

    Probability - Extreme Overbought, odds definitely favor short trades.

    Confirmation - Strong bearish 3 day chart pattern with Extreme 3 day distribution.

    Confirmation - Extreme bearish 1 day moneyflow

    Probability - Strong Up trend (1 month), may start to turn sideways.

    SUMMARY
    NO bullish indicators. -10,

    VERY Strong Underperform, short term (1-6 wks)
    3 bearish probability indicators. 0%,

    None Bullish

    2 bearish confirmation indicators 100%, Bearish

    RALLIES/PULLBACKS Typical: 13.3% (5.08 pts) 25% of the time. Extreme: 17.3% (6.6 pts) stock price move occurs 5% of the time.

    Position Indicators
    Indicators for trade entry and exits.
    1 DAY PRICE CHANGE -7, strong down (-1.07, -2.7%) from yesterdays close, which is the second day strong down.
    SHORT TERM DIRECTION -4, mild pullback.
    OVERBOUGHT/SOLD 9, Extreme Overbought, odds definitely favor SHORT trades.
    1 MONTH TREND 7, Strong Up trend, may start to turn sideways.
    INTERMEDIATE TREND -10, BEARISH,
    ** Past 4 months: Unsustainable uptrend, may turn sideways.
    RESISTANCE/SUPPORT: 38.21, just below support, 39.16 ± 0.82, type Single, strength 8
    Res/Support Above : +2.5% at 39.16 ± 0.82, type Single, strength 8
    Support Below : -6.6% at 35.7 ± 0.75, type Single, strength 8

    Timing Indicators for timing trade entry and exits. 3 Day Chart Alert analyzes over 120 three day candlestick patterns!
    3 DAY CHART ALERT -10, Strong BEARISH 3 day chart pattern.--- -10, EXTREME 3 day distribution, occurs 5% of the time.

    MONEYFLOW -10, Extreme bearish 1 day moneyflow,
    occurs 5% of the time. BREAKOUT? None. BREAKDOWN? None.

    Resistance & Support Areas past 8 months.

    Type: is the number of times a stock has stopped at a resistance/support area, the more times the stronger the area.
    Strength: Amount of volume occuring at resistance support areas, the higher the more significant the area.
    CURRENT PRICE 38.21, just below support, 39.16 ± 0.82, type Single, strength 8 RESISTANCE ABOVE +2.5% at 39.16 ± 0.82, type Single, strength 8
    SUPPORT BELOW -6.6% at 35.7 ± 0.75, type Single, strength 8,
    -9.6% at 34.55 ± 0.73, type Single, strength 8,
    -27.5% at 27.69 ± 0.58, type Double, strength 7,
    -30.9% at 26.4 ± 0.55, type Double, strength 8
    -34.2% at 25.13 ± 0.53, type Single, strength 5
    -36.8% at 24.15 ± 0.51, type Single, strength 3
    -40% at 22.92 ± 0.48, type Single, strength 3
    -45.3% at 20.89 ± 0.44, type Triple, strength 9
    -48.5% at 19.66 ± 0.41, type Single, strength 1
    -50.9% at 18.78 ± 0.39, type Triple, strength 5
    -52.9% at 18 ± 0.38, type Triple, strength 10

    Now this is not a short recommendation by me, this is a representation of a sensible, and real analysis of where we might be going next immediate time frame.

    Hint: It isn't up.

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SLW
26.43-0.26(-0.97%)Jul 30 4:02 PMEDT

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