RE: RE: RE: RE: Mineshack...
As i've said TOO many times TA is a TOOL - just one tool. I believe i was one of the few people pointing out silver was in a correction. Big deal. That was $10 + higher. TA was one of the few tools i used to determine that a correction was likely. Many saw it. Christian, Morgan..etc..etc... Basic tools like trend, support, resistance,momentum, RSI, accumulation and/or distribution..etc..etc..
Mudcreeker asks what now? You think i can call Silver now? Every move? Here is a guess - no one knows!
It is " likely " that 34/35 will hold. Silver should bounce but we've had a perception change.
Takes time to repair that. Silver could easily revisit the $28 range. Traders smell blood.
Watch the dollar and the economy.
https://stockcharts.com/h-sc/ui?s=$SILVER&p=D&b=5&g=0&id=p35419940745
Weekend reading...
https://stockcharts.com/school/doku.php?id=chart_school:overview:technical_analysis
and...
“MARKETS CORRECT - DUH? Hopefully you believe this one?
We have " air " under $.68 - SLX does - yet to be determined. At $.68 now.
Still too many Silver Bulls around - Still true, but changing.
Expect a correction....its underway - TRUE! Happened.
Parabolic seldom ends well” - HOW TRUE - seldom. For Silver? Ended badly.