Just spent the evening with a calculator going through the charts, certainly made a lot of progress as to where we are. Three separate calculations give me a rough bottom, all within a few points of each other. Certainly wouldn’t want to be shorting ....... Will be very interesting to see if it all works out as expected. Enjoy your weekend Guys.
Think we will be in the 7’s tomorrow sadly. Wish I had waited a week or two for confirmation of the chart pattern. Anyway not long to wait for a rebound IMO.
Well done Seer, full of admiration and agree with you regarding SolG. Bought a load more Hoc this morning and Fres. Huge H&S pattern on the G/S Ratio with a nice SS yesterday on the daily ploughing through the 86 then closing just inside the B.B. possible reversal next week...... Good Luck Guys
Hey Jinksy, personally I’d like to see this a little lower for close on Friday night, that would confirm my suspicions. 2.25 will do nicely. May have it completely wrong mind, love the doom and gloom today.
Been watching Hoc on a platform for the last few days waiting patiently for that elusive candle. Managed to get in earlier for a few thousand shares @ 1.65 All looking good IMHO but hey what do I know,
Hey Jinksy, hope you’re well Bud, actually thought this might move next week, so a little surprised to see the move today. Was the bouncing off the 2.25 that alerted me to action. It’s all in the number of weeks IMHO
I don’t believe its in the hands of the gods, that’s nonsense.
Read the chart, in my opinion we are very close to the bottom, don’t think silver will drop below $13.90 Maybe completely wide of the mark, but I’m very happy to accumulate at these levels.
Massive inverted head and shoulders pattern on the Gold / Silver Ratio. Gotta be a breakout very soon IMHO
You were right it’s dipped below 9.00. Bought another £5k earlier. I’m looking at the Dow and S&P Weekly chart...... hmmmm The “$TRAN” Weekly looks especially interesting, take a peek on Stockcharts September next week usually a great month for MP’s
Fres could drop further thought mind, I’m no expert.
One needs to understand that for it to be conclusive A. It needs to be in the correct place. B. The following days candle for confirmation. C. Weekly to follow suit. D. Indicators to back up ones perception E. Time. Endless other possibilities.