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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lou Weed who wrote (6298)2/3/2023 5:17:17 PM
From: Sun Tzu1 Recommendation

Recommended By
Lou Weed

  Respond to of 10692
 
It may or may not. I don't fight the trend because something is very oversold. I will fight it as a *very very* short term bounce if the down move is more than 4 sigma or if it is at historically low levels that don't make sense or if the sentiment is just way too lopsided.

As far as I can tell none of these apply to silver now. So whether it bounces or not is a flip of a coin and I'd rather wait until the coin lands.



To: Lou Weed who wrote (6298)2/21/2023 10:44:32 AM
From: Sun Tzu1 Recommendation

Recommended By
Lou Weed

  Respond to of 10692
 
On Friday, silver hit the first support line and bounced. This was true for both weekly and daily charts. If you have conviction about silver, you can get in here, put a stop loss near 20.9. If it breaks 21, the next support is in the low 19 region.


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