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roguedolphin

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roguedolphin

Re: FinancialAdvisor post# 16997

Tuesday, 05/23/2006 2:09:18 PM

Tuesday, May 23, 2006 2:09:18 PM

Post# of 25966
Silver....Still unsure if the correction is done. Are we working on a Fibonacci B wave of an ABC correction here??

http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=3&mn=0&dy=0&id=p69177330368

We could rally to $13.90-14.39 area (.618 to .75 retrace) and still possibly be setting up for another leg down or C wave to the final shakeout low below $10 per ounce.

Very tradeable rally here the past few days but I'm not convinced we'll see $16 before we see $10 per ounce.

Long-term bullish of course.

Stay tuned....


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