The article is Next Target for Silver $39, But Stop Loss is Key: Chartist and I have skimmed the early part and read the first of ten comments. I will comment on my followings in the next 30 to 60 minutes. The first comment is really funny, so I wonder what the next will be. I am guessing 60% neutral/regular comments and not as many bulls and bears and this depends on the sentiment. If the sentiment is in ETF's or any paper form, then reading the opposite will be easier.
almost 2 hours later - I wrote a lot and it's a long read at this link
This image is going to change soon. The intra day will no longer only include 9:30am to 4pm EST but rather the entire 24 hours of a period. This is a work in progress that I hope to have ready for next week. What I want to do is put three charts in one page. That is the Silver priced in Dollars, Gold priced in Dollars and Silver priced in Gold. As far as todays action is concerned, it was more choppy with nice movement at the end of the day. I was a little concerned this morning for short term traders that the selling that occurred around 10 AM eastern was a little too much. However, the Americans always seem to sell the market off in the morning where it thus bottoms between 10am to 11:30am EST. That has been the trend recently anyway. Final note is the silver priced in gold is now at 784mg or .784 grams per ounce of silver. This means we are now getting some what closer to that psychological 1,000 number that everyone will be watching. Everyone is hardly anyone really as this idea of mine to price silver in gold I expect to catch on due to failures in the currency in the very near term.
I am still trying to figure out how to develop a web page. I am not that good at making web pages, even though I was a QBasic and C64 Basic programmer when I was a young teenager. However, internet and computers these days make it easy and in this particular section I am trying to figure out how I make a picture smaller and put the text commentary to the side of it a little. Rather than putting an image that is huge on the screen. When I was around twenty-one years old I made a webpage that was getting a few hundred people a day because I struck gold on an Infoseek search result. The internet has changed in this time and google is able to check with their spiders all the pages on the internet. I get confused how technology works this way, but it seems cool. It shows you how timeline changes can work into play. Sort of like in here where I can see this curve chart that shows the evolutionary changes of the silver and economic conditions. This chart is long term and it can take many weeks or a few months for this chart to finally come to tuition. Either it stays in this range or breaks it or it breaks support. If it does break higher or stay in this range, then its watch out with explosive parabolic gains. If it breaks below then the gains might be solid rather than parabolic or it might be a reversal in the long term trend. It's too early to signify that the markets going to get lower when we are involved in this current short squeeze and people waking up to how currency is created.
Not sure why the line is on the next, but if you click on this the image will enlarge. If anyone has any tips on how I can put an Image on part of the screen like this and type on the outside, I would appreciate your help. Thank you
I love this chart, and it is new. I made this last night and it takes the High and Low points of each hour XAG (silver) trades at. This chart will start to get its unique look, but not until we get into the end of March up into April as I start to get more data for the Hourly chart from ForexPros. I wanted to put an auto Fiboancci level in the old 15minute chart so I decided to put this in here as well as the very vital five day moving average. This five day moving average will be able to use all time frames and may have some differences than SLV's ETF as it only trades from 9:30 to 4pm EST. Also with this data, I will be able to find out how each hour of the day does as more data works itself in. I probably won't be able to present much on this until the summer of 2011, but I look forward to this. We know that the USA is doing something to ensure silver goes lower on the long term time frame for some reason that I am not aware of, that maybe Mr. JP Morgan or Mr. Goldman Sachs may know a little bit better
The daily chart shows us today that the market is in a correction stage during this bull market. At least for today it was. The video below talks about corrections and how they work within' this chart. Thank you for stopping by today.