Silver Wheaton has managed to swim upstream in recent days, but let’s see it push above the 42.89 ‘external’ peak shown in the chart today or tomorrow before we become true believers. The same chart shows that the 42.50 top of yesterday’s spike came with 32 cents of a Hidden Pivot target going back to June 20’s 29.80 bottom (aka point ‘A’). _______ UPDATE (11:51 a.m. EDT): The stock has collapsed today, opening on a 6.2% gap lower, at 38.10. Subsequent weaknesss has brought it down to as low as 36.66, representing a loss of 9.8%. The move is strongly impulsive on the hourly chart, though not yet on the daily.
