Searchlight Innovations Inc T.SLX

RE: RE: Support now Resistance?

[Bogapet]

Bogapet. If enough of the market believes that $.68 or the 200 day movingaverageis “resistance”, then it shall be. It’s kind of like faith in thegovernment’s credit. As much as the world’s suppliers of goods andservices believe the USA dollar holds value, they will accept it aspayment.

My point on TA....exactly! Becomes somewhat of a " self fulfilling prophecy "...have mentioned that before. With " everyone " watching " support "..." resistance " levels and setting " stops " accordingly...yea,one of the reasons why it can work and why you often see " violent " moves when these lines are crossed. If only one person has a chart? Nothing will happen.

But when 90 % of traders and black boxes use TA to some extent. Yea...make the effort.

Remember the credit bubble? Commercial paper and other " paper " that normally automatically rolled over from month to month. What happened? Full faith...? No one trusted anyone...bids evaporated and the snowball took off. For the dollar it is a " beggar thy neighbor " scenario. Ben B would love to pay everyone back in cheap/cheaper $$. Works till it doesn't. Reserve currencies can take a long time to die.

SLX? There is " value " there. Big time. " Fionna FV " next level?

Gold and Silver? I'd like to see them " base " for awhile. Rest. Silver proxies all looking pretty tired.
SLW, FR and GPR. My opinion is this is just a " bounce ". Silver only up $2 off recent lows?

Morgan audio? An echo chamber? Or worth a listen?