BullBear Trading: Stock and Financial Market Technical Analysis

1/31/11

4:40EST

Silver: (March contract)

It’s been a while since I updated the Silver

Due to the fact

There was no major change

Although we now have a minor change (immediate to short term)

 

Long Term:

No change

Up to 33.97

Staying above 19.50 to 21.18

The bull trend continues (33.97)

 

Immediate to Short term:

The last update was as such

Down to 25.27 to 25.51

At these levels a potential reversal occurs

New Update

Expect a short lived bounce at 25.27 (up to 26.30 to 26.51)

Then down to 24.18(5)

We have a potential reversal at the 24.18ish level

The price action at 24.63(5) after reaching 24.18(5)

Determines if we reverse or continue down to 23.16 to 23.56

Views: 28

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Comment by Tony I on February 3, 2011 at 9:52am
Sounds complex but if it works for you then great. I have been following Silver and have made money shorting it but I know at some point we are in for a significant bounce.
Comment by luciano perotti on February 3, 2011 at 4:53am
Really fantastic!
Comment by Master Che on February 2, 2011 at 4:51pm

I developed my own trading system, based on magnetism (physics) and velocity vectors. In accordance to volatile price action; I locate the nucleus (epicenter) of the compression, and then mathematically factor price movement by time and volume; thereby I project (linear) the compressional (energy) expansion or contraction  positive or negative ionization through the means of price; up and down price targets.

Comment by Tony I on February 2, 2011 at 4:39pm

Master Che,

 

What methodology are you basing your analysis on to determine these Silver prices ?

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