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


To: GROUND ZERO™ who wrote (49473)4/30/2013 8:07:01 PM
From: Machaon  Read Replies (1) | Respond to of 218839
 
Thanks for your take on gold/silver and the chart! I'm currently in SLV. I was kinda hoping that it would make it's way back to around $27.

I have almost always averaged down. I'll pick up a small amount of an investment, that I like, that I feel is either oversold, or has more room to go higher, and then, if necessary, I'll painfully and patiently average it down. Anyways, that is what I've done so far with SLV.

It's hard to find something, to average down, when everything is up so high. Silver looked oversold, so I jumped on it a couple of weeks ago.

After reading your evaluation of gold/silver, I will definitely be keeping my eyes and ears open, with my finger close to the trade button.

Is there much of a possibility, or some probability for that wedge will open up a little, giving a bullish or neutral signal?

Thanks!



To: GROUND ZERO™ who wrote (49473)5/1/2013 9:14:50 AM
From: Machaon1 Recommendation  Read Replies (2) | Respond to of 218839
 
but I think right now the gold chart has formed a bearish wedge and is likely to break down within the next day or two (or three)...
Good call. Metals looking lower this morning (~ -2%). Now to wait to see where the "dust" settles for another piece.