Wed, Mar 4, 2015, 11:43 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

  • cowboyinill cowboyinill Feb 13, 2014 10:36 AM Flag

    What if

    Sharpie, I've been thinking about this for a few months. Tell me what you think. What if this recent move up is part of a large ABC correction, and we still need to complete the Huge Wave 5 down yet? I don't know, just postulating. This move up has felt unusual and missed (ran over) a few of my fib chart price points which make it feel like a corrective wave (ABC).

    On a side note, if that move yesterday from 24.59 - 23.58 this morning is a Wave 1 down, then we have hit Wave 2 up at 24.45 (chart says 24.37) and we could really be in for a big move down to 21.94 for starters and eventually complete the Wave 5 at 20.30. Again, just postulating some thoughts. Anyone else?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Wow, CB, lots to think about. Correction don't sound right unless you are thinking 5 waves down from 29.17 and this is a Wave II. That would be way sub 17.75, maybe $14 or $15. I explored that once and gave up on the idea, not ready to take that up again. 3 waves down from 29.17 with 19.23 = A and 24.59 = B would yield a C of around 16.25 . . . that rules out a retrace from 29.17 ! I will stay with the idea that this is the first wave of a large scale Wave threee off the bottom at 17.75. It did raise a couple targets for this wave up. The 78.6 and 87.5 % of the run 17.75 to 29.17 = 26.70 and 27.75 . . . Will do some research on this idea. . . . . .. 20.30 seems too low, still like the numbers above 21.32 . . . My eye and Gann chart like 27.75 !!!!

19.90-0.12(-0.60%)Mar 4 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.