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Attached is gif from CC silver contract (July). The absence of a final fib
failure swing argues convincingly for a push down to 480 or lower. But ... OBV
is holding up quite nicely in this last decline, an examination of volume bars
indicates little selling pressure from the price peak on 4/3, little selling as
it broke through the .62 retracement of the July-Feb rally, and we have the
appearance of a wedge forming around the recent lows. This is a contract I would
want to be flat or long.
Earl
-----Original Message-----
From: Donald Thompson <detomps@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, June 18, 1998 1:42 PM
Subject: Silver: EW Count
>RT's,
>
>IMHO, assuming this count is right there should be some move down
>in silver. Stop is about a tick below yesterday's high of 541. I have
>mine at 540.5.
>
>Goal minimum just under the previous low, about 493.00.
>
>Any one else have an opinion on the silvery, hopefully a conductive
>thread can start.
>
>Don
>
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