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Silver Wheaton Corp. Message Board

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  • lancekoliver lancekoliver Jan 14, 2013 9:10 AM Flag

    the setup I'm hoping for:

    You out there Chem? We're back at 31.10. So is your thinking now along the lines of message 1 above or message 2? This rally hasn't shown strong volume. I'm still inclined toward a short-term short, but I'd rather do it around 31.50 than here. If I get that chance.

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    • Got my chance to go short silver at 31.50 after all.

      Long-term bullish on silver, but I want to see if I can ride this wave down before going long.

    • the dollar index, odds are not good for a short today

      Sentiment: Hold

      • 1 Reply to sonya20911
      • I'm just watching. I tried a couple of things and half worked, half didn't. This is a sign that I should step back. I wrote that the chart is ugly and sustainable moves don't look like this, amongst other things I wrote. This is proving accurate everyday because each day, the chart looks as ugly as the last. My projections are coming up off by a lot. I've had a 31.767 target that refuses to be met. The dollar is behaving unusual too. It should have been drawn to the gap by now, but it keeps showing this timid strength. So, for now I have no guidance. Eyeballing it: 31.10 to 31.15 are good places to get long and 31.38 to 31.55 are good places to get short but I have very little confidence in either of those targets. When silver breaks out of this range he picture will become clearer.

 
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12.23-0.16(-1.29%)Aug 31 4:02 PMEDT