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Friday, January 27, 2012

Silver - Target and Timing Boxes

Silver is currently trading with striking similarity to early 2011.  The identical sized timing and price boxes are matching up well with the current Silver market.  There is perfect geometry using the price and timing boxes with an indicated target at $37.

On Monday January 30th, or Tuesday at the latest, Silver should start to dip hard short term even if it rises slightly first.  Overall though Silver is anticipated to continue to rise in choppy trading through February.

Look closely, and you will see three identical sized triangles.  Silver may seem to trade erratically without any rhyme or reason.  Not so...  It is very precise price action.

Daily Chart















February Silver Map:

2hour Chart

19 comments:

  1. This may be my best Silver chart ever. Silver is my favorite - how sweet is it. Time to rack up the profits!

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  2. So try and wait to buy in the low 30s semi soon? Nice charts.

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  3. I plan to short Silver on Monday, could see low $30s as soon as Tuesday. I plan to trade both sides short first, and then long once it drops.

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  4. IT seems I have also identified this JAN- FEB 2012 as have a similar track as occurred last year at the same time.
    On a wave basis, it would seem that the current high is at the peak of a wave [ii] and set to make a lower low by the 23rd/24th
    ONCE that is accomplished, we can then get the same effect in March as last year, but I dont think it will produce anything beyond that point s far as higher levels.
    Jaywiz

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  5. Thanks Jay. I have a long term pattern for Silver that has proven accurate for all the large moves. The pattern also matches up with this price/time projection.

    Silver and Gold are set for huge moves this year. The next few months is a most important time for Gold especially.

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  6. SC, assuming your turn date was this monday... are you still expecting a move to 1340 area?

    Please advice.

    Thanks

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    Replies
    1. The SPX plan will be coming later today. Jan 30th is a turn date, and there are other more important dates coming....

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  7. HI SC
    INVERT the 29 yr seasonal graph from MRCI-- AMAZING
    Come on by and visit anytime- just google Jaywiz

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  8. I'll take a look at that Jay, thank you.

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  9. SC,
    Great chart, mkt geometry is very cool.

    Here are my turn dates for PM's
    2-10/11 2-23 3-1 3-29
    it looks like a couple of these are near your turns.
    they will be worth looking at when it get close.

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  10. hi SC,
    I think we are in 6 week cycle in silver on weekly charts,decline from $44 to $26=6 weeks,again rise from $26 to $35=6 weeks,decline from $35 to $26=6 weeks,and now the rise from $26 to $34 in 5 weeks,if 6 week cycle continue we have a significant drop for 6 weeks to come i.e the week starting from 6th feb

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  11. Hi SC
    what will be your reference to start shorting silver on Monday? and the best etf....maybe shorting AGQ?
    Thx.

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  12. A little more upside for Silver on Monday may be ideal. Perhaps 40 cents more roughly.

    There are many different ways to short Silver so it really just boils down to preferences as to leverage, and different account setups. Many trade the futures, there are various etfs such as ZSL, or DSLV, or shorting AGQ. Then there are options.

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  13. Silver is already down 2% today. Are you still going to short ?

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  14. SC,Good job!
    today or tomorrow to wait to buy SLV in the low 30.8 OR 31.5?
    THANK YOU FOR YOUR REPLY

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  15. SLV could still have upside to $33.30-40, and then a drop to near $30.30 looks possible.

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  16. SC Good day!
    Great chart! I love it!
    thank you for your work and good analysis.
    From now on, I will keep in waiting for to buy and get the SLV
    AND price range:30.3~30.5~30.8,is that right?
    but timing maybe on 2th or 6th or 10th or 23th in Feb. right?
    THANK YOU SO MUCH FOR YOUR REPLY!

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