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In a message dated 98-02-24 11:10:17 EST, boggio@xxxxxxxxx writes:
<< Aside from the fundamental reasons, it would appear 'technically', that
this market may be in a bottoming process and as such we are looking for
opportunities to go LONG silver.
>>
Perhaps you are right however for a contrary opinion I bought May 5750 puts
on 2-17 due to a two line break on a 1 % Kagi chart and the confluence of 39
week and 24 week cycles both showing lows in mid may.
The may chart shows silver breaking down out of a six week consolidation
Also if the recent rise is viewed as a five wave impulse up then we would
expect a retracement at least to level four which is in the 5500 area
Eric Moser
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