Friday’s shakedown was sufficiently vicious to imply that Silver Wheaton’s handlers were keen on buying the stock. If the trampoline bounce they engineered from the low goes just a tad farther this morning, surpassing a minor external peak at 35.67 (see inset), bulls will be on their way to rejuvenating a larger, bullish pattern with a midpoint resistance at 37.515 that would become our minimum upside objective. _______ UPDATE (11:04 a.m. EST): This morning’s sleazy, quasi-criminal head-fake winds up being constructive, because it created the bullish impulse leg and 36.60 target on which the stock is currently working. P=35.95 here, and it’ll need to be surpassed before I can “guarantee” you that D will be reached
