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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (3137)	3/22/2004 3:08:56 PM
From: Chip McVickar	Respond to of 12411

Loved Vancouver... you folks like to live.. even the rain is managable. Yes..... I would say 7.50 Silver will put in a top..... or break quickly higher to 8.50.. If economic growth is slowing down the commodities may well take a breather. Weekly Chart: The Internal trend lines (lavender) certainly define the recent price activity. Forward pitchfork (small black) has price extended over its upper tine. Large Blue is the dominant fork... it's median line will be reached at 7.50± Monthly Chart #1: Chart is Parabolic All higher channel lines have been exceeded except off 7.15... Which points to 7.5± Internal Trend Lines are active. Monthly Chart#2: Small forward lavender forks upper tine has been exceeded. Small forward red forks upper tine has been met. Large blue forks median line is looking at 8.50± Andrew's Pitchforks: Pitchfork tines are like "Magnets" they attract and then push price away. Mediane Line is more powerful then the outter tines. Pitchforks frame both price and time when understood. With your forward time markers active.... Parabolic move on all charts... Fact that stock prices (especially today) are not following through, suggests that Silver has reached a level of resistance and most likely putting in a Top....? Top may turn out to be a shoulder... a corrective phase in a continuing bull move. But the Top has not been confirmed yet....! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Weekly Silver -- pitchforks and Internal Trend Lines stockcharts.com[w,a]wcoannay[d19970301,20040310][pf][J26619753,Y]&pref=G Monthly Silver -- chanel - pitchforks - Rule of 7 - Fib 1.618 stockcharts.com[w,a]mcoannay[d19900101,20040317][pb50!b200!f][ilb14!lh14,3!la8,21,5!ld20][J27637391,Y]&pref=G Monthly Silver Forks stockcharts.com[w,a]mcoaynay[d19900301,20040301][p][J26623589,Y]&pref=G