Silver Supercycle Wave III) might have ended near $50 :eek: .
Silver Supercycle Wave IV) may end near Fibonacci 38.2% retracement at $32 or
Wave IV of a lesser degree and 50% retracement at $26 .
Great timing for the silver and gold calls! I was waiting for the pull back and go short, but too bad they kept falling like a rock and went straight down!
Almost there .
Silver LOW = $34.24 .
Technical Analysis = Calls,Reports,Analysis,Predictions
Quote from mu200411:05-02-11 11:37 AM
Silver Supercycle Wave III) might have ended near $50 :eek: .
Silver Supercycle Wave IV) may end near Fibonacci 38.2% retracement at $32 or
Wave IV of a lesser degree and 50% retracement at $26 .
Crude Oil chart can be counted as 1]-2]-3] or a]-b]-c] .
1]-2]-3] calls for a 5] at $145 which is unendurable in the near future :eek: .
a]-b]-c] calls for a C at $65 which is accomodating for world economy .
Supports levels may be $95 or $87 .
Gold recent drops equal Wave III5]2), Wave III5]4) and Wave III4] .
It is certainly possible, albeit unlikely, that there are some more extensions .
If Gold falls further we can count it as Wave IV ,
a Cycle degree correction ,
which can drop as much as 40% :eek: .
US Dollar makes a come back .
Is this for real, or just another Bull Trap .
Note:
USD rebounds from 3-years Double Bottom .
The UP move looks impulsive .
RSI and MACD give BUY signals .
US Dollar Index moves UP in clear 5-waves pattern .
There may be some resistance near 74.40 :eek: ,
where wave one may end and wave two may go DOWN to end of Wave four near 73.96 .
.
.
.
.