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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (192226)	7/16/2011 9:18:12 PM
From: 2MAR$	Read Replies (1) \| Respond to of 209892

mc , with the Au & Ag trades i did splendidly ... going all the way back to the 1rst of May ....back perhaps when the metals were correcting and the trades were out of favor and at their lows ?? Didn't want to clutter things here too much but made very clear the "thesis" that was seeing a lower "trading range or lower channel consolidation " being established after that parabolic rise on Ag. 1. Here on May 6th announced Message 27359573 " agq @ retouches low $165 tried an add $167 and SLV $32 .28 low tried add just above ...this is way overdone and due for a bounce . " 2. Follow on post on May 9th formed read that "$38" prolly "Caps " the SLV move & lower trading range or channel was being formed . Message 27364446 "AGQ $211 high in premarkt , SLV doing $37 ...don't expect to see silver retake $40 and maybe $38 caps SLV move but nice continuation tech bounces off the oversold on both here & was waiting the other morning on both ... SLV touched down to $32.28 & AGQ to $166 ...but think this bounce may be just about over & reasonable levels to trade in a channel for now ...talk about effecient markets huh? ;O)" This was early May and maybe the trade was too volitile or not that "popular" at the time yet still went on to reaffirm several times that this lower trading range was holding true to those S&R Pivots already mentioned so early on -->May 6th? Almost every Forex & PM chart technician on the Web has noted now at the mid point of summer, this "lower channel consolidation" or trading range.... but few were mentioning /anticipating those pivots "$38" & "$32.50" as early as this . The S&R pivots were even clearer for $Silver & AGQ and refrained from posting too much on the "wiggle" noise other than make mention of the 20 or 50ma's and that top or bottom support was being approached . What is not clear about those pivots "$38" & "$32.50" ...or the equivilent on the AGQ or $Silver as -->support & resistance? I think i did splendidly thru this chop & kept it very "KISS" ...would posting chart lines every day helped out more ? For these TA reads & alerts will take a bow , ty.... the pivot S&R i thought perfectly obvious? What more did anyone need when the 50/20ma /R clearly kicked in later & mentioned that to ? tyvm <bg