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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (2981)	11/5/2003 3:16:24 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 108590

Silver ! warning ! I have not tested my tools on Silver and there is a strong possibility that predictions here will have lower hit rate then my average. LT trend - Wide trading range. 5.60-5.90 LT strong resistance area. A sustained break over 5.90 will start a LT up trend. IT trend - Possibly down. 5.20 IT resistance. 4.90 IT support, but weaker then the resistance. My read is if we're on a down move within the LT sideways the target is around 4.67 ST trend - Down. If it doesn't bounce from 4.88 again, and it looks to me that it shouldn't more then dead cat bounce, the rate of decline should increase. IMO Gold and Silver are different creatures - Gold is still sometimes considered a currency, while Silver had finished it's role as currency centuries ago, and is IMO pure commodity closer to Copper. ATG