Excellent observations Steveo. I have been watching the 78 Fibo level for the last month expecting that it will act as major resistance.
Also watching silver as I wrote in this post..expecting it may break substantially higher once the deleveraging process is completed down to perhaps the $30 level.
Although a liquidation panic could blast a hole in the silver theory.
Excellent observations Steveo. I have been watching the 78 Fibo level for the last month expecting that it will act as major resistance.
ReplyDeleteAlso watching silver as I wrote in this post..expecting it may break substantially higher once the deleveraging process is completed down to perhaps the $30 level.
Although a liquidation panic could blast a hole in the silver theory.
http://whatisthatwhistlingsound.blogspot.com/2011/04/new-world-order-sdrs-silver-vigilantes.html
Thanks for stopping in, I have been ignoring silver except as it plays into my Fear Factor calculation
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