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

To: sandeep who wrote (28884)	2/2/2012 3:11:56 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 223195

Yes, I agree... I think the only thing that can makes to me about this pattern forming so far after the bottom has already been made is that the longer term silver chart is now up against some very heavy overhead resistance... this could also explain the confusion in that market among traders, hence the pattern was formed... this suggests to me that the heavy over head resistance is going to be over run and much higher highs are going to be seen in this market sooner than later... Of course, I could be very wrong about this whole thing, but that's my humble assessment and I put my money on the table...<g> BTW, spot silver is rallying after the futures closed... I think this could be a really nice trade even from these levels... kitco.com GZ