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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 May 24, 2013 8:26 AM Flag

    MAY 24's Setup

    The setup of yesterday is "less applicable" today.

    Entry points are contingent on the latest available data. Therefore, using yesterday's data for entry today carries a lower likelyhood of success. When someone says the price is going to $100 or $4, each one of those projections has a probability associated with it which decays over time as new data asserts itself.

    when I say "less applicable", this means that the data has some validity but I'd remove the heading "special bullish alert" from the discussion because the current data is neutral.

    The SETUP (This is an American long weekend. These targets would normally be written with great confidence, but because of the long weekend, lessened trader participation, and potential for greater volatility, the values have the potential of being much less successful) (Factors are cumulative. That is, the current data being neutral, plus the american long weekend volatility add to give less predictable projections).

    ....................................I wrote the setup's, then just deleted them. I don't want folks to get hurt due to long weekend volatiilty and anything I wrote.

    Have a good long weekend Americans
    @chemaes44 (A Canadian)

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26.78+0.07(+0.26%)Jul 28 4:03 PMEDT

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