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Silver Wheaton Corp. Message Board

  • chemaes44 chemaes44 Oct 8, 2013 7:27 AM Flag

    Yesterday close

    I wrote about silver needing to close above 22.36 by 4 pm.

    I knew what I'd do if it closed above, I knew what I'd do ifnit closed below, but I forgot to plan for what I'd do if it closed directly at the price 22.365.

    Based on the overnight action it's held up very well, this is promising bullishly. My charting models were wiped out yesterday on a computer crash, so I need to build them again

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    • good Morning chemaes44, either way it pops 22.36 will be support or resistance for a while!

      • 1 Reply to sharpie3444
      • Good Morning sharpie. I just finished building the models out.

        I hadn't rebuilt them in a very long time and sometimes when you start over from scratch you see things you had forgotten.

        There are seven trends, both bullish and bearish that have collided at yesterdays close. I checked my notes and can only find two other examples of this. In one example, the move out of this collision point was extremely explosive, on the other it took a few days but it was extremely explosive too.

        Because the data is so jumbled I don't have any guidance because there could be 5 different entry points lone because 5 out of the 7 setups are bullish.

        good luck, I'll be trying to get long again

        $22.364 is a very critical price, after that attempted move down at 8:30 and fail, this thing is now primed to move up off the critical price.

 
SLW
22.06-0.230(-1.03%)1:19 PMEDT

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