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Strategies & Market Trends : Classic TA Workplace

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To: hawkeyefan who wrote (191845)7/14/2011 11:11:29 PM
From: 2MAR$  Read Replies (2) of 209892
 
What was noting then on June 30 , $Silver was hitting that triple bottom @ $33.50 which also was late Feb top high pivot ....what a difference 2wks makes ?

Today in premrkt initiated short on the AGQ/SLV as both met former R of $209/$38+ in the top of channel . Helped later by a small bounce in the UUP which had pulled back sharply from another triple top test itself ...b

So far thru the Spring & Summer tops n bottoms in these channels, have been the most reliable trade/setups whether one was trading the SPX, Currencies or Precious Metals.

Though not going to assume here that Au or AG hav finished rise , pullback did occur with Silver today from top of channel, a little higher @ $39.20 early on with SLV & AGQ both as well . Are we having fun yet ? <bg

(also check FCX mentioned then , also pausing at lower double top high @ $55.50 area but a nice bounce too )

Good with spotting the double tops n bottoms, will let wavers take over from here ;o)

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