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Short 11.75

4040 or 4035, what's the difference? You greedy sob :D

If I'm not mistaken, he also called the bottom back in 2011-ish.

Now, tell me why the FED needs to print Silver in the first place. It's been a dog for a long time, underperforming well below all its peers like Gold or Copper. It wasn't until the smartphone makers decided to use it that it gained any traction. If it weren't for them, I'm sure Silver would be...

I think 4035 is all we'll get for today. So where to now? Probably 3965 for tomorrow and 3945 for the next day before making a U-turn. So we're going down to 3945.

21055 to go short? That's practically the LOD.

Oh?? :wtf: But how dare you. You can't desecrate the Fib like that.

Ya can't make this stuff up. So where to next?

Of course, just not IN-YOUR-FACE. Also Everyone cared about the national debt back then. I kinda miss the Clinton era. Is it just me?

Just come over to the ES Journal and join me in posting real time trades. If you're as good as you claim, I don't see why that should be a problem. After all, I do it all the time.

Man, you have way too much time on your hands. :D

It's a toss up right now. I think it will depend largely on the equities market. If they go up, so will BTC. Otherwise, you could see a pullback. If it was me, I would just wait until there's a decent pullback before going long. Ya know, we've already had such a huge rally.

Came pretty damn close. They must be reading my posts. :) Anyway, we might get another shot. But that long tail seems a bit worrisome. If we cross back above 21100, ya better run for the hills.

So what's your plan for tonight? ES looking somewhat weak ATM.

It's currently looking weak. If we break below 21050, I expect a pullback down to 20800.

Well, any major economic release, like NFP or CPI, will be a shock factor for the market these days. It can move the Dow up and down by 1000 points. Barring that, it would be a black swan event like Flash Crash. If you're looking for a simulation, I suggest you look into Monte Carlo simulators...

Keep an eye out for 21500. That will serve as a ceiling for now. I'm pretty sure it won't get breached before tomorrow's equity session, if at all. We will likely bounce around between 20800 and 21400 in locksteps. Tomorrow might be a whole different story though.

I think this is better looking

Pretty damn artistic, wouldn't ya say? :D

LOL This is what you end up with when you slap on a bunch of Fib drawings: a beautiful work of art to look at but a mess that's useless for trading. Just my 2-cents.