Replies to post #2276 on *DAY TRADING ACADEMY* (ZZMAN)

[zigzagman]

$SLV ~ Fibonacci Retracement Levels:

33.01 was the only support level to the top at 48.35

What goes straight uP, can also go straight Down...

33.01 looks like strong support...Especially at the 50% Fib line...

26.03 is very strong support...And is the only support level up to 33.01

Except for the little support area right at the 50% Fib line at 31.19

But you know this market as well as I do...That fall took less than a week, and it is SEVERE...WAY too vertical, so an oversold rally could start tomorrow...And it could be a BIG one...It could do a Fib bounce of 38.2% or even 50%...There are a number of gaps to be filled just above...And gaps 'usually' fill...Though in this case, I fear they may not this time...