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I don't do EW, however I concur with idea that we are looking for a short term
high here followed by another decline. I see a final decline for this move to
either 488 or 446 (most likely). That said, I'm detecting an unusual shift in
momentum in last couple of weeks (as measured by both linear regression and OBV)
which suggests we may get an upside breakout from the wedge before consummating
the decline. I don't see favorable enough odds in either direction to warrant a
trade. As long as the US$ is rising, I generally prefer the short side on many
commodities.
Earl
-----Original Message-----
From: Alan Sears <asears@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, July 08, 1998 4:19 PM
Subject: Re: Silver
>
>
>>Hi Alan..........
>>
>>I'm looking at SIU8(Sept. Silver).........possibly have finished up a wave
>4
>>and are ready for new lows....which could be a nice buying
>>opportunity...........
>>
>>Any comments from your "whirlwind" software??????????
>
>
>My crystal ball shows Silver at an ideal point in time & price
>for a wave 4 high, you will also meet a tall dark handsome stranger :-)
>
>
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