Long Strategy: RSI above 50 and Close Price above MA5 Stop Loss: Close Price below MA5 Stop Profit: RSI break up 80 and then break down 80
Monthly Model suggests major low in precious metals is years away - Dec 2020 brschultz / markettimer777
The Fed''s decision to "pause" rate hikes justified the current levels for silver. That may have marked a short term top (SELL THE NEWS) as price touched the top of the lower sloping channel. The monthly chart shows that the recent monthly test of the closing low failed. While prices rallied despite closing lower in November (testing the August closing low), I...
Each Time SLV collapses... it falls back to at least 500 Double Hull
SLV has been rejected by the 340 Day SMA almost as many times as me in high school by the ladies. brschultz
testing short term model
Beautiful Cup and Handle breakout (double bottom as well). 1st target 16.50
Per Bulkowski: Important Bull Market Results for Island Reversals Overall performance rank for up/down breakouts (1 is best): Not ranked Break even failure rate for up/down breakouts: 31%; 32% Average rise/decline: 32%; 13% Throwback/pullback rate: 54%; 55% Percentage meeting price target for up/down breakouts: 79%; 60% 32% up would get us close to 20
Fast move to top of current range. Stochastics turning up and the parabolic indicator implies the start of a move higher. For Elliott Wave,, could be a wave 5 of 3 of 1. Any EW experts here? If follow through on heavy volume comes in, some gaps above 15 and 16 need to be filled
I entered GDX & SLV data into my models today (eue-te.wb) and found that both daily models suggest that Christmas 2020 will be the next optimal buy point for the precious metals & miners. brschultz aka markettimer777
Historically, when the FED decides to raise interest rates it ends up breaking the market. This happened in 2000 and 2008 with the solution being interest rate suppression and quantitative easing. Both of these methods produce abnormal rates of inflation, leading the FED to raise interest rates in an attempt to preserve the purchasing power of the dollar - and it...
end of January target is $15.91; let's see if we can hit it. I'd like to see higher, but not likely in the short-term. I'm expecting not to break $16 this intermediate cycle; but very likely in the next one: come end of February to mid March, I think we then break resistance after a decent pull-back.
could be bigger breakout beyond 1310-1330 range $GLD $GDX $GDXJ $UGLD $SLV
When the Daily 50MA crosses the 200MA (((SELL))), rebuy when price bounces off the 200MA. Silver is then off to the races higher
Successful resistance at 16 could lead to a 50% drop from current levels.
holding calls in $GLD $GDX and $SLV . major volume last week. next resistance at 1290