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<DIV>Silver looks like it is at a very interesting point now. Prices are at
the<BR>top of a downward sloping channel which also is doubling as the neckline
of<BR>a head and shoulders pattern, there is a bearish divergence on the macd,
and<BR>prices are stalled over the last few days at a fib resistance line.</DIV>
<DIV> </DIV>
<DIV>I am looking at two opportunities here:</DIV>
<DIV> </DIV>
<DIV>1) If prices fall to 516 that would penetrate a 20 MA on my charts
and<BR>validate the divergence. I would be looking for prices to head to the
last<BR>major resistance of around 490 which was also the point of a
failed<BR>penetration of an inverted head and shoulders back in the first week
of<BR>June.</DIV>
<DIV> </DIV>
<DIV>2) A strong up day move and close above 538 would have me looking for
prices<BR>to head to around 588 based on the h/s measurement.</DIV>
<DIV> </DIV>
<DIV>Any thoughts?</DIV>
<DIV> </DIV>
<DIV>Jack</DIV>
<DIV> </DIV>
<DIV><BR>----- Original Message -----<BR>From: gary bodnar <<A
href="mailto:gbodnar@xxxxxxxxxxxxxxxx";>gbodnar@xxxxxxxxxxxxxxxx</A>><BR>To:
<<A
href="mailto:realtraders@xxxxxxxxxxxx";>realtraders@xxxxxxxxxxxx</A>><BR>Sent:
Sunday, July 11, 1999 7:00 PM<BR>Subject: GEN. What's gonna be hot this
week?</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>> For my two cents worth, 7/14 is the next "hot" day for the
silver<BR>> market.. If the price goes down or stays the same, it is likely
that the<BR>> silver will head down to the 5 dollar range until the next hot
day which<BR>> is 7/28. I know that the liquidity in silver is terrible..but
I believe<BR>> that there is a base building up..<BR>><BR>>
Respectfully yours<BR>> Gary Bodnar<BR>><BR></DIV></BODY></HTML>
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