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Hi Db, Is this the pink supply line you were referring to? The swing low is still holding and I guess either the failure to go up which kind of already happened this past trading day could give an indication of weakness. I still consider it a bit pre-mature to go negative but it's the risk...

Hello Laissez Faire, Before I try to explain things away, let me ask you a simple question: Have you read the first few posts? As to your query I am not sure what you mean by predict or forecast in your statement. One can ascertain a higher probability of one event happening over another...

Your short is on... Gringo

Seems prudent to just wait and let this trading range resolve itself. For shorter term traders perhaps they can squeeze out the juice from this range but with my millions on the line it's not easy to enter and exit so quickly :). (It's a joke in case someone gets serious and starts asking for...

QQQ is close to the overbought trend line. There is a some distance to cover but there is no harm in keeping a keen eye on it. I believe what Db mentioned earlier 3400 in NQ. This level would correspond to about 84-85 in QQQ. Lets see there is enough juice to get there. Gringo

Silver is back in the hinge. All this non action in the larger bar interval is tiring me out. Perhaps, others are also getting tired and beginning to move away to better moving instruments. In any case, we'll have to see again which way the hinge resolves. Price could always just continue to...

I am looking at the possibility of shorting SLV or GLD. Gringo

I threw in the towel too. The move was as you said weaker than gold and looked more like churning than moving up decisively. Metals may be setting up for failure. At this time I'm not sure of the direction. Silver breakout was from top of hinge on hourly (Futures). The hinge is not visible...

SLV isn't showing strength. The lack of conviction is reason enough to leave it aside. Gringo

1020 or 1021: 3200.25/50 long? or around there. Gringo

Nice one. Gringo

There's a BO to the upside in NUS. Some times all it takes is a bit of patience. http://www.elitetrader.com/vb/showthread.php?s=&postid=3876510#post3876510 Gringo

Here's the chart of the Silver (hourly) from the futures market. It shows your how timing can be made better by relying a bit more on shorter bar intervals. SLV daily was enough for me to see what was going on but silver futures has better price movement and less cutoff and gaps that SLV is...

SLV seems like it's beginning it's move up. Price had trouble continuing with its drop downwards. Because supply was unable to push price down a hint was given that perhaps supply has exhausted for now. Notice the large number of closes around 21 level. (Something alone these lines was also...

Db, You're trading pre-market now? 80 ticks of pure management! Is that 0858 EST? Gringo

There is a tight consolidation after the break out. Stock didn't go to the heaven right away but it's still behaving well. Exit from this consolidation could prompt a small additional entry to an outright exit, depending on which side of the trading price chooses to exit. A break of the...

madmaxer, I have indicated some reasons on the chart provided regarding the viability of this short. It is my opinion that the short is a bit risky, not that most shorts aren't. The basic theme is that the trends for the market and the stock are up. The initiation of the short isn't at a...

I wouldn't call it potential support/resistance once price is unable to halt around the level. If price stops and starts to turn then the area could be classified as support/resistance and if price doesn't, then the potential s/r never materialized into a real support/resistance. I haven't...

Hi redbox, Using the name 'comfort area' or 'value area' or 'home' isn't as important as realizing what actually is happening here. For a minute, lets forget about the 'midpoint' and just focus on what's happening. There is a price level where traders for whatever reason are trading more...

Ah! the silky touch of your words Db. Had I only met you when I was younger :) Gringo