Tom McClellen did it better. Picked the EXACT DATE OF THE MARKET CRASH THIS WEEK and PUBLISHED IT THIS PAST WEEKEND. He DID develope something your broker uses every day.. called the McClellen Oscilator
Buy Straw hats in January.. BUY wool coats in August!
"When in worry..or in doubt.. Run in Circles.. Scream and Shout!"
Got a hunch? Bet a bunch... BEING LONG SILVER MINERS means you understand that dollars are a house of cards and that Entitlement spending is the death knell of it. $1 Trillion dollar borrowing UNABATED remains in the cards.. AND.. THIS cannot last for 5 years... WHY? Chinese are not that stupid. They got their own problems.
Ted, you have to realize that some Obama supporters actually believe that paper currency is JUST AS GOOD as GOLD!
Sakaneft, good to see your reasoned comments reappear on the PAAS board. Continued good luck to you and all. dcp
If YOU are trading futures.. SHORT TERM is SIX (6) Days, Medium Term is (6) Weeks and Long term is (6) Months (or less). Traders have a MUCH different perspective than (POSITION) buyers and Fundamentalists. POINT IS: Everyone has an objective and that SEEMS to be a moving target as to TIME and PRICE.
25,000 silver contracts purchased.. ONE DAY. I believe all the 'pretend shorts' will buy HL a dollar higher.. tell me I'm wrong.
Test.. low.. bounce... lower and final low.. that's the scenario I'm stick'n to. The fat lady will sing.. but is just now.. clearing her voice.
Ted, your 'better half' and I are thinking along the same lines. My own work has me looking at DOW 15,350 as likely bench-mark low.. though.. markets do tend to over-do.. one way and the other!