While silver is a buy, it might not be a long term buy. This could crash off of the upper green line either as an eliot wave or head and shoulders.
Most people out there are saying this is still very bearish. They are generally honest people and I won't just ignore them because they disagree with me.
Bo Poly said (on the day) that both the Dec 2015 low will be the low forever, and the Dec 2016 low will be the next lowest price forever. He called the Jan 25 to the day, as the low for 2017.
He recently called for a short term top on April 11th, but we don't know when that rally will start without buying the expensive gold report.
So this is what I got. I won't be taking any action until it gets outside of one of these green lines.
I think it's pretty good but you need a little more. If you can see most of a signal shaping up you can check the same system on a 30 minute chart for a smaller time lag.
ReplyDeleteThere was some really great video's by a guy named John Howell, whoever he seems to have purged his internet footprint! I might try to recap his tips.
If you look at that SLV chart, and see the evolution signal, some other stuff to look at,
ReplyDeleteThe price action, has made some higher highs and higher lows, and this looks like one of those lows now, so I bought in.
I plan on riding this out for quite a while, until it looks like we are making a new top.
Following anything gm does is still. Search "oocities greg mannarino" to find out why..
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