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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
dont know how about his shanghai girl...^-^
I don't see a wave 4 in silver ? Move down started from 25th April high so waves 1 and 2 done and wave 3 in progress ?
N.Cornwall, UK
"April 21, 2011 11:33 GMT
Member since Jan 2010 Silver as we all know has been extraordinary with vertical development and very shallow rets. All good things come to an end and very often when an impulsive vertical move lacks structure it will fully retrace with equal speed".
Just a reminder I have often made about "structure". Silver now demonstrates the point admirably. This applies to all markets. I once had an incredible 30yr bond short from a long term parabolic high. Not saying silver has made long term high but the point about "structure" is presented here.