$ Silver $

SethArb · Jun 24, 2006

thanks for the chart ... maybe there is hope for the longs at these levels ...

daddyeaux · Jun 24, 2006

a 9 handle appears to have stopped the bleeding....

78 mm oz in the SLV and 102 in the warehouse...

romik · Jun 25, 2006

Quote from Ivanovich:

Until it breaks the 10.80 range, I'm not bullish at all.

just wondering why 10.80?

daddyeaux · Jun 25, 2006

10.80 appears to be chart resistance, 11.04 gap resistance and there are some fibo numbers above that...

only if your're a techie

riaamaan · Jun 25, 2006

Looks like a bear flag and another leg down coming. The quality of the rise as compared to the aggressive push down says be cautious.

The money here IMHO is short on a break below 9.80 and target profits at 9.00.

But always remember, anything can happen.

romik · Jun 26, 2006

Quote from daddyeaux:

10.80 appears to be chart resistance...

only if your're a techie

on which time-frame?

daddyeaux · Jun 26, 2006

go here for fibbo-jibbo fun

http://quasimodos.com/cgi-bin/index.cgi

romik · Jun 27, 2006

daily still looks bullish to me, any more opinions?

romik · Jun 27, 2006

Quote from daddyeaux:

go here for fibbo-jibbo fun

http://quasimodos.com/cgi-bin/index.cgi

are you talking about fib levels? As I am looking at price action S/R levels and don't see 10.80, perhaps somebody can point me in the right direction.

daddyeaux · Jun 27, 2006

go to stockcharts.com

type in $silver and look on the right side and you will see break at $11 (now resistance) and a rebound to about 10.80 give or take....and a failure there (today)

apply the fibo pull up factors from $9.50 if you're a true believer..........

the action today was very discouraging for the bulls