Gold and Silver Miners and the U.S Markets. Message Board

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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.

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To: StemuliteWorks who wrote (1708)	4/4/2014 1:27:45 PM
From: Robov	Read Replies (1) of 1954

Totally agree with his analysis as it mirrors much of mine. That intra - day gap fill was an entry level I had been waiting for. Below that as he points out we have the 2.24 is a daily pivot with 2.315 being the weekly pivot within that same period. I posted a chart yesterday showing a hypothetical spike down into the mid teens which was really the origin of the biggest and strongest move higher.That fact that MUX can't seem to catch a bid at this level could indicate that those lower levels are still a possibility or we could just be in an accumulation basing mode here. 2.48/49 is the 61.8% Fibonacci level so a close above here would be good. The weekly candle has formed a morning star reversal candle at this point, if we get a rally into the close it will form a small hammer candle. Morning Doji Star thepatternsite.com

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