Has SLV Bottomed?

[cactiman]

Quote from Trader.Fighter:

High of July is key, if it can take that, a hard run should be seen.

You mean like this?
Of course 20 to 21 was a gap, which is easier to fill.
Now the Resistance from 21 to 23 has to be dealt with.
Still, off to a good start.
Has the long awaited Short Squeeze in Silver finally begun?

 

[Trader.Fighter]

Quote from cactiman:

You mean like this?
Of course 20 to 21 was a gap, which is easier to fill.
Now the Resistance from 21 to 23 has to be dealt with.
Still, off to a good start.
Has the long awaited Short Squeeze in Silver finally begun?

Just like that

 

[cactiman]

"Silver Short Squeeze" by Adam Hamilton (08/09/13)

http://www.zealllc.com/2013/silvshsq.htm

 

[cactiman]

The KITCO "Silver Page" (08/12/13)

http://www.kitcosilver.com/

 

[murray t turtle]

Quote from Trader.Fighter:



I'm sure some make averaging work for them, ammo comes to mind, but then underleverage comes to mind when doing so, and in the case of those less adept, overleverage.

=====================
Good points;
SEPT silver contract has put in a 1 month bottom, obvious on 1 year candle chart.[A bottom, + probably the bottom, could be just another leg down, probably not.]

One year SLV chart is bearish also , but with a one month uptrend .

Candle chart SLV, monthly candles, all data,, is in a one month + uptrend;
not a prediction. Wisdom is profitable to direct.

 

[cactiman]

SLV now firmly in the 20.53 - 23.70 Resistance Zone, on strong Volume.

 

[cactiman]

A new Uptrend in the making, after a 26 month decline?

 

[Trader.Fighter]

Quote from cactiman:

A new Uptrend in the making, after a 26 month decline?

Some longer term trends still remain down, do not overstay your welcome, we reacted due to highly confluential technical convergence, will it be the bottom? No one can really answer that, I prefer to land profits off good reactions then move onto the next trade, never been a bottom fisher and never will be

 

[cactiman]

Quote from Trader.Fighter:

Some longer term trends still remain down, do not overstay your welcome, we reacted due to highly confluential technical convergence, will it be the bottom? No one can really answer that, I prefer to land profits off good reactions then move onto the next trade, never been a bottom fisher and never will be

I took a couple of points gain back in 2011, and then watched it go to 50 without me.
Very painful! :eek:

Some Silver Bugs talk about it making 3 figures this time around.
Gonna stick with it and see what happens...

One can see how 20 makes sense as a bottom on this 10 year chart.

 

[Trader.Fighter]

Quote from cactiman:

I took a couple of points gain back in 2011, and then watched it go to 50 without me.
Very painful! :eek:

Some Silver Bugs talk about it making 3 figures this time around.
Gonna stick with it and see what happens...

One can see how 20 makes sense as a bottom on this 10 year chart.

Depends what your strategy system is designed for, mine is land a reaction, secure, trail a bit and repeat elsewhere. The more frequencies the better as I dont marry instruments or trades.