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Strategies & Market Trends : Classic TA Workplace

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To: 2MAR$ who wrote (191843)6/30/2011 2:15:21 PM
From: 2MAR$   of 209892
 
$WTIC similar declining tops thru June finally making that drop below the 200ma to test lower support , just musing here that if $silver were to do the same then that would carry it down to $31.50 (200ma) with a possible touch even to $30 ... but shorts on $Silver at that top of the channel at $38+ were certainly very profitable !<vbg

Chart predicted the bounce here but still love to see that shakeout and be ready ... just don't know what exactly precicpitates this will have to watch & learn & anticipate .
The IEA release did it for Oils ...

Silver & WTIC



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