123Tom's TA study group

[123tom]

I let WKHS go back then.
I didnt trust it. As good as I am at chart analysis...I have to admit, I'm not a good stock picker. So I missed it.
I have a reasonable first core position in EGYF now. and I am toying with the idea of getting in PSLV if it will give me any pullback to buy. Heres my Fib targets for PSLV.
Is this silver rush a hype? PSLV chart
Its looking at the dollar steps for targets with the finish at 18 area.

From the 5 dollar bottom, the first Completed 5-wave target hits 10 dollars.
the pullback holds at 7.70
and now this hyper rally,a Wave 3, has the Fib targets first at 11 now, then at 12.40 area, 13/14/15 (becomes the 'wave 3' target zone) and then on to try for 18 area as the completed Elliott pattern.

Looking to the left side of the chart you can see the resistance zone box from the 2012-2013 time frame. as the place to watch and it closely connects with these Fib math targets now. So it looks like something plausible, watching silver climb back up the stairs.
BUT...
I never trust the hype. I dont trust it now to be anything but a pumped up manipulation hype, just like it was 10 years ago. But,if there is any chance to get in at 10 or 9.50, maybe its a chance to have a momentary thrill to 14 or 15 and have a nice little trade.
I'm just too jaded about the metals manipulation and this whole move sounds generated by newbies like sheep following the pumpers .