BOTTOM HUNTING PART 2
OCT 14, 2014 Since pointing out a few of the things that I look for to "Indicate" a possible trade-able bottom is near, we have had some improvement and I wanted to point those things out. I also have received concerns (Interesting) that some feel they may be missing the move if they havent taken a position, others who have are feeling anxious a bit too ,that 'it's not working' . That seems to lead to questions like ,
1. "Are things O.K., feels like we are just going sideways?"
2. Doesnt this look like a possible bear flag?
And
3. "Do you think it's too late?"
4. "Should I just jump in now?"
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BOTTOM HUNTING
October 13 2014
Often you will hear the expression "Dont try to catch a falling knife" when a sector or stock is relentlessly selling off. In the past few years , we have seen it repeatedly happen in the Precious Metals sector, and most of you are ware that we had some significant lows in place on June 2013, Dec 2013, May 2014. I have been saying that I think we are at another significant low (If you follow Cycles, you know it as an ICL) . Is it possible that we could go lower, instead of trading off the current lows put in after last weeks FED MINUTES? Of course, but are there ways to look at - actually look INTO - the markets, and try to gain some insights as to what may be currently happening. I want to show you what I look at in times like these...it is by no means guess work. Starting with SILVER
Starting with SILVERS break down, most see it as a "Continuation" pattern (And it may be).
Sometimes a move like that can just "Run the stops" set at those levels to "Shake out" weak hands. If THAT was the case, you would expect SILVER to do more than just "Back test" that broken floor. Look at my next chart of Silver Below...
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Sometimes a move like that can just "Run the stops" set at those levels to "Shake out" weak hands. If THAT was the case, you would expect SILVER to do more than just "Back test" that broken floor. Look at my next chart of Silver Below...
Read MoreFor Any Who Followed This Trade
OCT 10 Midday Sold Partial position in APT, liberal stop set on the rest . I dont usually post my “Sells” , I leave it to the reader to trade at their own risk / reward formula. I just wanted to point out that THIS is now extended 150% above the 50sma, […]
