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pssst! Sept Silver is more active and has much more volume than Dec. Sept
Silver is the market to use when applying any trading method and system because
of obvious reasons. Any other questions, please feel free to ask.
Paul Brittain
http://www.tradeblt.com
Dennis L. Conn wrote:
> HEY!
>
> Just wanted to get your attention - sorry, I'll lower my voice now.
> First of all, I don't know why anyone would trade Sept silver; I'd bet
> (since I haven't checked) that Dec has higher open interest. As far as the
> wave count (which I also haven't checked), yes, basically speaking,
> corrections are three waves - A, B, C. But since the discussion involved
> wave 4, I must assume we're looking for a developing zig-zag correction, and
> we're in wave 4 of wave A. If that's the case, you'll see a 5 down, 3 up,
> then 5 down formation. All waves basically subdivide into fives or threes,
> right?
>
> Hope it helps,
>
> Dennis C.
> dconn@xxxxxxxxx
> -----Original Message-----
> From: P Gumprecht <ktata@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, July 08, 1998 7:47 PM
> Subject: Re: Silver
>
> >At 05:27 PM 7/8/98 -0400, Alan Sears wrote:
> >>
> >>
> >>>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 :-)
> >>
> >
> >Tell me something... I see silver as being in a long term bull trend,
> >having reversed in July of 1997. Thus a corrective bear trend should be a 3
> >wave ABC formation, no? Especially following the 5 wave bull trend which
> >ended in Feb of 1998. I'm watching the December contract, but that
> >shouldn't make any difference. Please correct me if I am wrong.
> >
> >P.
> >
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