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Brent:
I see the count you're looking at.. I'm no expert but, if it is a w4, we
just have to see how it pans out. I would say that I see more bullish
forces at work than this market has seen for a while. Obviously, the
bottom's in, the momentum has turned positive recently and it's headed into
oversold territory. If you spread it against T-Bills a la Larry Williams,
it went positive on the 18th. A clear sign to me would be a break above the
550 area, where I will probably add to my position. Supposedly that last
little kick it had the other day was from fund buying, and I did see the
momentum stuff kick bullish on my screen. I tend to think that when MACD,
RSI and funds kick in, there's usually a pullback. Let me know how you do.
At 07:28 AM 6/26/98 -0600, BrentinUtahsDixie wrote:
>RT's,
>
>Is anyone looking at Silver, it looks like an ascending triangle is
>developing but the recent trend is down. Is this a fake-out? It kind of
>looks like a number 4 pullback in EW counts. My LT charts of Silver are so
>scrambled up I can't get a LT indication out of it.
>
>Brent
>
>
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