Doji right on the 50 sma, hmmmmm
Use In Trading
The doji pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), so by itself it only indicates that the time frame was neither bullish nor bearish. However, depending upon the context, and the adjacent candlesticks, the doji pattern can be used as both a trade entry and/or exit pattern. The doji is also included in some of the two or three candlestick patterns, in which case it has more relevance, and can provide an indication of upcoming price movement.
so 120 to 130 could be on then, thank you Ed
Yes, and the time is end of January. He says silver bottom is beginning of Feburary.
possible another ride to maybe 100+ this time... you never know
I am out of silver... I am shorting the S&P500 until I see the debt ceiling situation or feel it is going to be resolved.
It looks like Silver did bottom huh?
This ETF is only based on today's trade.. This will always be a very BAD long trade. Trade this ETF as a hedge or quick buck.
This Short ProShares ETF seeks a return that is -2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period.
Example using $100 Starting investment:
Day 1 Value gaining 10% is $100 x 1.10 = $110.00
Day 2 Value losing (10%) is $110 x .90 = $99.00
Day 1 Value Loses (50%) is $100 x .50 = $50.00
Day 2 Value gains 50% is $50 x 1.50 = $75.00
And this too I believe...
The reason is due to contango. The fund is selling swaps, not silver.. a bet on the future, not today spot silver price.
This is the example on UCO...
Why is there such a big differential in the price of zsl ($95) relative to spot silver now ($20)vs. the last time silver traded at $20 in 2009 when ZSL traded at $621.80. This obviously isn't expiration related, as a similar differential held throughout the year.
check is on the way
Do I owe you 2.5% on profit made? or is this one free?
I'm at a 9.23% return.. Not a bad return.
I still believe the gap will fill.
Market usually does well this week. I might take a chance and sell on Monday open.. Then back in on Friday??
Thank you, GL too
A good move. Silver looks weak still. Could trade quite a bit lower over the next several months - imo - g l.
ummm so what u think now? I'm covering 1/3rd now
I did see that post but that is your call to make. I agree though, nothing comes easy in the financial markets. The worst I see is another 40% downside in silver from current levels into 2014 (based strictly from charts). That probably will not happen, but who knows? For awhile now I have been just trading the metal but would like to eventually assume a longer term investment position - possibly next year or whenever I see what I believe to be a washing out and final capitulative ''bottoming''. We shall see.
did u not see this post man, I even admitted it is/was difficult
looks like 58 tgt
waiting for that gap to fill EOM
(notice: Nov, 8th 2010 went below support 'blue' line - close at 13.18) (RS 1:5 => 65.90)