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
Comment
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.
Master Che,
What methodology are you basing your analysis on to determine these Silver prices ?
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