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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (75890)7/2/2011 6:04:07 PM
From: 2MAR$  Read Replies (3) | Respond to of 217830
 
$silver trying to hold this neckline support @ $33.50, shorts on the higher double top test @ $38.50 were pure golden , now at the lower end of the channel does Ag further correct and we all get a chance to pounce ? Shorting the AGQ was how i played this fall...






To: 2MAR$ who wrote (75890)7/3/2011 1:53:04 AM
From: Hawkmoon  Respond to of 217830
 
Yes.. definitely agree that FAZ is important to determining the coming direction of the market. Been reading Marty Chenard's comments (not yet a subscriber) and he pointed out that the BKX was at an Apex that would resolve strongly in one direction or another.

stocktiming.com (link may only be good for a few more days).

There is definitely a marked decline in the FAZ accompanied by the threatened breakout of the BKX:

bigcharts.marketwatch.com

Plug in both FAZ and BKX and you'll see what I mean. And then punch in weekly interval and see the major support and resistance levels respectively for each.

Hawk