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Silver Wheaton Corp. Message Board

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  • papascrubs papascrubs Dec 11, 2012 12:50 AM Flag

    Couldn't resist: SHORTED 5000 SHARES!

    1/4 now, 1/4 a day before , then 1/4 after and 1/4 2 months in

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    • Difficult to understand your strategy.

      The four month trend is bullish. 2 months into that trend a correction started and was completed. Over the last month, a bullish trend has re-established itself, coincident to the four month trend - as confirmation.

      Drilling down further, the current bearish 2 week trend was/is a correction within the one month bull. The current status is limbo. The two week bear trend could reinvigorate itself downward, but there are no particular signals stating what's going to happen next.

      The last trend rules until it doesn't. The current bullish 6 day trend (which is not particularly strong) ends only when 32.749 is breached downside for 15 mins, at which point the two week bear trend will have reinvigorated itself.

      This current 1 week bull exhausts itself upward at 33.63 (Mar 12 contract), unless it decides to take out upside 33.905, in which case the 1 month and 4 month bull re-establish their dominance.

      silver is just drifting until the next catalyst signals the next move.

      Maybe what I wrote, is as clear as cuneiform.

      chemaes..lurking around

27.03-0.62(-2.24%)Sep 30 4:02 PMEDT