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To: Sun Tzu who wrote (6296)2/3/2023 2:28:45 PM
From: Lou Weed  Read Replies (1) | Respond to of 10692
 
Thx ST. I bought AGQ a while back at ~29 and change.....you warned me at that time. It popped to ~32 and I sold for a profit. Looking for a good entry point again.......



To: Sun Tzu who wrote (6296)2/3/2023 2:31:56 PM
From: Lou Weed  Read Replies (2) | Respond to of 10692
 
Looks like the RSI is now at the same spot as the Sept. low sub 18. Does that not signal a buy at this point?



To: Sun Tzu who wrote (6296)2/3/2023 2:34:31 PM
From: Sun Tzu2 Recommendations

Recommended By
catou1
skier31

  Read Replies (2) | Respond to of 10692
 
How to read my algo's lines:

Long straight stretches of the 3 lines are support and resistance levels. For example, there was a good straight line for silver at 19.5, so we should expect some support/bounce there.

Top and bottom lines - when straight - are the upper/lower resistance/support bands. When the price crosses above/below them, it is likely to move to the next support/resistance level.

When the midband (blue) moves very close the upper/lower band, there is a fair chance of a big move, often in the opposite direction to the trend.



To: Sun Tzu who wrote (6296)2/24/2023 3:07:02 PM
From: Sun Tzu  Read Replies (1) | Respond to of 10692
 
Silver chart update

SI is sitting right on that purplish support line (middle of the chart) and is oversold, but I'm not sure this support will hold. Buying in the green support region (18.35 - 19.05) seems like a better bet.