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Silver Wheaton Corp. Message Board

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  • lancekoliver lancekoliver Feb 8, 2013 11:06 AM Flag

    looks bullish this morn

    I don't know, chem. It sure looks to me like it's coiling for a move, but I'm not yet convinced it's going to break upward. I'm still suspecting one more flush down before silver takes off for the big uptrend.

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    • Hey Lance,

      It definitely is coiling to do something. On Friday, I thought I had it pegged for a bullish run. It did try to make that run but got slapped back.

      Although, the dollar seemed to make a very strong bullish move, which is bad for silver, when I drilled down and looked at the dollar move in detail, the evidence suggested it had a high probability of being a fake-out move and would likely reverse bearishly off the 80.29 mark or thereabouts.

      After analyzing silver exhaustively tonight, i find its in the middle of a tug of war being played out by bulls and bears. It is pretty unique. we just have to wait and see.

    • DXY bumping its head on the 80.26 ceiling. Thoughts chem?

 
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