A midpoint pivot at 33.825 (see inset) has been central to corrective action over the last two days; now, it appears to be a base for the consolidation of Friday’s impulsive thrust. No point ‘C’ low exists yet, but if the 34.030 low shown endures (unlikely, I’d say), the next buying spree could take this vehicle as high as 35.33. Night owls should be ready for a sneak attack if the ‘X’ of a bullish pattern should trigger, since my hunch is that there won’t be much time to get on board. Under the circumstances, a “timed” buy-stop may be the best way to do it. Alternatively, if Silver should unexpectedly turn weak, the first place where we might look for a bounce is from 33.280, a midpoint support that could be bottom-fished via ‘camouflage’
