Did I just get bull trapped? Again. The term makes half of me happy & the other half.. 50% out of luck. Decided to buy 50% of what I was going to buy due to this Option's Expirery crap idea hunch I "felt". Now lets watch friday close a dollar more.. Dam these emotions are rattling me AARRH!! Done the exact same thing twice between 27/oz & now. I know jack shoot about most the T/A etc things you guys are talking about, honestly, but smackdown is a term that makes me feel 50% happy aswell. I feel like a dog with half a silver bone! Is that what broke the worm on the spot chart? An Options Expirery? "DCA, DCA, why pay more, why pay more" I hope at least you guys know what I'm saying, nobody else seems to understand.. Tozak!! What's going to happen?!
I have been saying since I said it was going up that we are going to be in a US$31 - US$36 trading range for the rest of the year, I hope it breaks out but to me I think consolidation until December, maybe break the US$36 just before we see out 2012. That's my 2 cents anyway http://forums.silverstackers.com/topic-29375-silver-going-30-within-6-weeks.html
The Fibs in my chart above suggest that it will get beaten down to 31.59 and pause. If 31.59 holds, then a bounce up to 37.37 is the next target. Otherwise back to mid 26.
I was surprised when I saw the price drop this morning, maybe people were expecting a stronger speech against Iran by Obama at last nights UN meeting. Or, knowing war is coming, they are trying their hardest to get the price down now so that it doesn't get as high when the SHTF
