No, just the ability for the manipulation to work may be over. A point can be reached where more dollars don't yield greater increase in price because the value of the underlying stock or commodity decreases faster than the dollars can be spent into circulation. In the case of silver, folks getting out of dollars into silver may push up price faster than the shorters of paper silver can push price down. Or the shorters have to pay up in order to find seller to buy to cover their shorts. But TA works either way. a higher high says trend is up until one sees a lower low, that's TA.
Hi Larry. I think that T/A takes all that into account per say. T/A charts show where a stock will go (not always perfect mind you, but pretty reliable if the data input by the chart maker, ie me...lol is correct or interpreted properly) and the worldly events, manipulation, or news push the stocks toward the pre-charted prices.
Good Luck To You :)
Somebody ( FED or Treasury ) bought a load of dollars about 9:20 am, drove dollar up, silver down. Maybe the JPM keeping silver down while they cover, anyway the tracks are there. dollar up 81.08 to 81.33 in 25 minutes. Extended the count on silver to 1 2, have to get the i ii of 3 out of the way before we see the skyrocket iii of 3
You can't buy dollars, they are just a reflection of other currencies you can sell against the dollar. In this case case it was the euro that went offer in a big hurry. But yes, it has the affect of putting pressure on the metals and thus SLW. That being said, SLW is acting even stronger today than yesterday and this is very bullish action. I am looking to sell all of my remaining puts today in SLW and even start to look for spots to cover silver shorts, leaving me delta long SLW. I want to see silver find a footing, but either way, silver hedges are outperforming SLW in here and that usually means bullish things for SLW in the near to medium term, days to weeks.