Silver under the scope.

N

nasa

New Member
Silver is currently under my scope.
Regardless of the last 24 hour chart.
This is the longer term truth.
And no one can say they weren't warned of the devastating drop that occurred.
In the first week of May.
scope.jpg


Note the Parabolic SAR gave 4 DAYS WARNING of what was about to happen.
The SAR is a lagging indicator on a flat playing field.
However on an average trend it can become leading.
But on a vicious savage trend it becomes exceedingly leading to the point of DAYS in advance.
:) Rarr for the SAR. :)
Look a 4 DAY WARNING was there.
4sar.jpg


For those that didnt see or ignored this warning the following took place.
suffer.jpg


Note here that silver has penetrated and smashed through both the upper and lower support levels
indicating an oncoming downtrend.
smashed.jpg


And so the downtrend follows and continues to this time.
end.jpg


Silver has not only to bridge the gap between the price and the lower level of resistance.
It will have to penetrate and overcome the second level of resistance before we see any real bull trend again.
What you need here is a big powerful silver bull.
So here he is.
silverbull.jpg


I give him to you .LOL :P
 
Nice colours and grid shame about all the talk on resistance and no price reference to look at.
 
We all should of sold out because of SARS........hahahahha.......whats the date today........good to see you spotted it early
 
Like all indicators, the parabolic SAR works sometimes, fails other times. Its not a magic bullet where silver is concerned.
 
I don't claim to be any kind of expert, but isn't is a bit pointless looking at a silver chart to predict it's future (or in this case to predict the past) without looking at the gold chart at the same time? Silver seems to me (from the charts) to be the moon that orbits around planet gold.
 
Jonesy said:
I don't claim to be any kind of expert, but isn't is a bit pointless looking at a silver chart to predict it's future (or in this case to predict the past) without looking at the gold chart at the same time? Silver seems to me (from the charts) to be the moon that orbits around planet gold.
Click to expand...

When I first started stacking,silver ALWAYS took it's lead from Gold but amplified. Gold increase 1% silver 3% - Gold drop 2% silver dropped 6% etc. Later in 2010 it seemed to changed where Silver would call the shots while Gold stood there and watched. I'm now seeing/feeling Gold will follow Silver without the same amplified effects.

Sure there very 'linked' ...
 
So the big players painted the charts to set up the smack down. The long term outlook remains the same.

What would really impress would be a similarly detailed analysis of the current chart and a projection of movement over the next week.
 
All fine in hind site but where were you in may ?
In May I was busy buying silver.

Nice colours and grid shame about all the talk on resistance and no price reference to look at.
Am not concerned with prices here just concerned with oncoming trends and direction of trend.

We all should of sold out because of SARS........hahahahha.......whats the date today........good to see you spotted it early
I am not saying people should have sold silver.
I am still buying at this time.
The purpose of the post is to point out that I believe that
The big silver bull is not coming this week or next week.

Like all indicators, the parabolic SAR works sometimes, fails other times. Its not a magic bullet where silver is concerned.
True but it is nice to realize the power of SAR to become leading on exceedingly steep trends.

You want a similarly detailed analysis of the current chart and a projection of movement over the next week.
It is there in the last pic. Silver will dribble up and down on a slight downward trend
Until a major change occurs and it is not going to happen in the next week.
But because you can not see that I will post a pic that more obviously depicts this oncoming event.

OH hang on. :o
That was the daily chart. Look at the weekly chart.

weekly.jpg


Silver had just stumbled on its upward trend.

But Oh~~ Hang on again ~~ look to the monthly chart. :o
Silver hasn't stumbled it is just shooting straight for the sky.

monthly.jpg


This charting is crazy stuff but fun Heyyy.:)

Jesus what do you guys want .
My name is nasa not nasatrodamus. :mad:
 
He meant SARS as in the disease... severe acute respiratory syndrome.

It was a joke :) [I think]
 
last 5 weeks of silver looks like a descending triangle, which should mean a sharp down ward movement when it breaks, which would just be a repeat of 2008. If that's the case then we should see another 2 year price cycle resulting in a new top double that of the previous one in may. Except for about a million things that are different in 2011 from 2008 and about a million things that are stll the same.
 
One thing I can never get my head around with Charts is the proposition that just because a certain event has happened in the past, it MUST be followed by another pre-ordained event.



OC
 
One thing I can never get my head around with Charts is the proposition that just because a certain event has happened in the past, it MUST be followed by another pre-ordained event.

I agree perfectly.
I first thought the same thing, why would a chart start repeating just because it is a chart. But I have come to realize that is not the way chartists look at it.
It is more that technical analysis people have been trained that when a chart shows certain properties to react like this or that.
So if all chart traders see the char showing a certain property they will all react in the same way causing a trend. So once the trend starts it will continue. It continues until people start saying time for me to grab my money and the trend start going the other way .
It is like a group of people standing around a table and all staking money on the table, the longer they stack the more they stack the more there is to grab in the end. Until someone starts grabbing and then they all start grabbing, if you leave it to late there is none left to grab. Damm the trend is over I left it too late. The charts are merely a pictorial depiction of what people are actually doing in the market and people do what they are trained to do that's why the charts are predictable.
If every trade was placed by chartists this would be even more so. However the percentage of trades placed by trained chartists is enough to display this effect.
Thus follow the trend and get out early.
The old story greed versus fear.
 
its still paper.

there is no way for an individual to unload to other stackers all his core holdings, just no way. unless you sell it to the dealers.
 
I don`t understand this reluctance to trade just because its not physical.
I have almost 1000 ounces physical .. I am greedy I want more
I cant afford to buy more at this time.
So I trade.
If I strike the right winning trade .
I could then buy another 1000 ounces.
Sound very good idea to me.
End story. :D
 
if you trade paper, the way to win is to short it when price is high, but now a bit low to sell short, going long is just not worth your time to be buying paper long.

I gain my free silver from swap, so I can increase the stack without going into paper, so own both gold and silver helps to swap the ratio.

you can buy using credit cards and resell them, if you recover the total amount plus more, then its your free silver (with your labour). you can buy anytime as long as you can sell them with a bit of profit. so when the price suddenly jump up, you have you physical silver in the mail which you can sell at higher price.
 
A lot of stuff is self fullfilling.
Many people believe in charts and TA.Many big traders do.
If the charts say a big downturn is coming,lots of people
get out.This causes a downturn.Charts are fullfilled.
So predictive charts will often work even if there is nothing to them but this.
Don't think charts can't predict.
Even if this was all,this is still a powerful effect.The market is 80% psychological.
 
Arn't charts just a reflection of human behavior, which is why charts a semi predicatable as humans are semi pridicatable?
 
thatguy said:
Arn't charts just a reflection of human behavior, which is why charts a semi predicatable as humans are semi pridicatable?
Click to expand...

Charts can be useful to show what is going on though. Never studied it much but I keep an eye out for flags and pennants in a chart. If you think about what going on in terms of buying and selling to form those charts it can help with your timing a little bit. Nothing is perfect though. A nice flag formation had me buying a little newcrest which made me a little profit a year or so back.

edit

just as an example but not a really good one is GOR at the moment. Might be breaking out after some positive news today. If gold starts moving higher this could possible have a good run. If gold drops though it may well drop back again.

258_gor.gif
 
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