The Silver Pennant...

Brother John as bullish as ever, still suggesting $100 by the end of the year!

[youtube]http://www.youtube.com/watch?v=OXTw59u6W1E[/youtube]

I can see it going down before going up.
 
grinners said:
Brother John as bullish as ever, still suggesting $100 by the end of the year!

[youtube]http://www.youtube.com/watch?v=OXTw59u6W1E[/youtube]

I can see it going down before going up.
Click to expand...

that guy is so far off the mark it's laughable.
I think we may test the 26 low again, soon.
 
thatguy: Spot on, that's exactly what technical analysis is about. It's as difficult and as accurate as being able to predict human emotions. Every chart tells a story.

I personally don't trade silver, but investing for the long run as I believe in the fundamentals of silver. Technical analysis comes in handy to tell me roughly when is a good time to accumulate.
 
The pennant support is definitely broken on the hourly candle now, next we have to wait for a confirmation on the daily candle.
 
I'm ashamed I had to look up the definition of pennant.

Now I'm happier crabs have been introduced.
 
RetardedMonkey said:
I often wonder how people predict shapes with charts.

Is everyone else who is a 'big player' looking at these charts and going... "well shit guys, almost at the end of the pennant, better do something"
Click to expand...
I'm waiting for a chart to shape up like a unicorn horn before I buy again :cool:
 
940palmtx said:
RetardedMonkey said:
I often wonder how people predict shapes with charts.

Is everyone else who is a 'big player' looking at these charts and going... "well shit guys, almost at the end of the pennant, better do something"
Click to expand...
I'm waiting for a chart to shape up like a unicorn horn before I buy again :cool:
Click to expand...

If it goes a few bucks under 30, as if you're not gonna buy again lol.
 
1021_untitled.png

no angle on that one :D
 
Do you mean staying up tonight to place an order? If you're buying physical like me, you can wait till tomorrow until the bullion shop opens and place an order.

If you're placing an order for silver etf, would be better to put an entry order at your target price and go to sleep.
 
gelxi said:
Do you mean staying up tonight to place an order? If you're buying physical like me, you can wait till tomorrow until the bullion shop opens and place an order.

If you're placing an order for silver etf, would be better to put an entry order at your target price and go to sleep.
Click to expand...
what about if you're buying physical online with a trader who updates to spot? I'm staying up... its a Ag party... maybe i'll go have a sail
 
@thatguy: Nice service there, do they allow you to place entry orders? Or can you only place market orders? In any case... have fun tonight :)
 
You must log in or register to reply here.
Back
Top