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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (28875)	2/2/2012 2:29:39 PM
From: GROUND ZERO™	Respond to of 223110

With a proper close today, I believe it will make new all time highs soon enough... that's silver, and for gold, that's almost an easy long from here... GZ

To: Kirk © who wrote (28875)	2/2/2012 2:42:27 PM
From: GROUND ZERO™	Respond to of 223110

The psychology behind these wiggle patterns is really very interesting... the chart buy and sell wiggle patterns illustrate high levels of confusion among both longs and shorts... wiggle patterns very rarely actually complete the full pattern, which is why this particular 7 day buy pattern for silver is most interesting... it shows that there are lots of traders calling this the top in silver and have been going short in recent days, covering and then shorting again... the same for the longs, they buy and then sell, and then buy again... no one is comfortable with any position... but, with a completed pattern, this time a buy pattern, the bulls have won the tug of war... generally, after a wiggle pattern is completed, we can typically expect a strong move in that direction, this time a rally should begin which will likely squeeze the shorts far beyond their expectation and tolerance... GZ