Silver's 2 month cycles - due for a move?

Discussion in 'Silver' started by gbickle, Nov 29, 2011.

  1. gbickle

    gbickle Member

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    When silver dropped from $50 it hovered around the mid thirties for a couple of months ...

    then it went to $40 and hovered around the low forties for a couple of months ...

    after the latest drop it has hovered around the low thirties for a couple of months now ... are we going to get another move now ? .. if so I am guessing in the next week.
     
  2. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    Well, make the call - will it move up or down?
    :D
     
  3. gbickle

    gbickle Member

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    [​IMG]


    Im guessing down.... low to mid twenties
     
  4. Lav

    Lav New Member

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  5. gbickle

    gbickle Member

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  6. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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  7. metalzzz

    metalzzz Well-Known Member

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    So in the last two weeks I have seen charting analysis of a dead cat bounce, flag, death cross and a head and shoulders.
     
  8. Jing

    Jing Member Silver Stacker

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    don't forget the cup and handle
     
  9. Silverthorn

    Silverthorn Well-Known Member

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  10. MelbBrad

    MelbBrad New Member

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    Charting shmarting.
     
  11. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Looks like a rocky mountainside to me.
     
  12. boston

    boston Well-Known Member Silver Stacker

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    Please don't even joke about GG being here.
     
  13. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Guess again, but this time guess upwards please.
     
  14. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    Nope - just me, the one and only Blacksheep :)

    My artistic talents are largely influenced by Mr Squiggle who'm I hope to meet when silver goes to Da Moon (hopefully sometime before I head off to the great pasture in the sky) :lol:
     
  15. Spaghetti

    Spaghetti New Member

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    I am playing the monkey game with Silver, bought and sold three times between 31 and 34.. Instead of waiting that a miracle happenz. Price might correct even further, lets say a $27 is very realistic, considering disappointing markets, EU summit etc.. however, I bought again at 32 again today. Just a small amount, keep buying! then the hell with it on April..
     
  16. euphoria

    euphoria New Member

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    I use technical analysis for some fx trading on the side, and while useful it is never a sure thing. Works best with large markets and does not work with smaller illiquid markets at all. Now the cynic in myself, looks at that and thinks that that is way too textbook head and shoulders. It is almost as if someone painted it there for to make everyone think it will go down.......

    Who knows?

    Trade on technicals, invest on fundamentals.
     
  17. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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  18. metalzzz

    metalzzz Well-Known Member

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    Cup the balls I don't know what's going on
     
  19. gbickle

    gbickle Member

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    Ok so it was a bit over 2 weeks, but I think the drop to 26 was the next move..... I guess we will see a small rise then a triple bottom to 26.....and rising in feb:)

    If we hit 26 and it starts rising again ill be a buyer ...
     

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