The first pattern, on the left, derives from observations by ourselves. That is, in an uptrend a downwave, often violent and quick creates a downwave (dump, or sell-off) which is…
Gray-bearded traders will remember (if they haven't been overtaken Alzheimer's) Peggy Lee and her disillusioned song, Is That All There Is? Which sort of encapsulates our reaction to the 4…
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=225464222 Silver broke the dump-bump-dump pattern as indicated at the short down trend line. We cheated and bought the bottom based on the power bar (not recommended). Now, for what…
Looks like a buy signal to us. We're buying some. Interestingly, bouncing right off the trend line. Strange how these serendipitous things happen. Same with silver.
Wednesday the werewolves and were-market makers and Goldman hammered the financials in honor of the full moon. but the trend in the major indices sails serenely on. This wave is…
