Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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09:59 |
May Silver would signal a mouth-watering ‘textbook’ buy when it touches 77.866, a hair beneath the so-far low. That is the green line, however, and NOT a target, so any buying there should use a ‘camo’ trigger. Also, there is perhaps a 70% chance the selloff will continue to at least 69.245, a back-up-the-truck number. Please note as well that there are no compelling patterns that guarantee new record highs will be achieved on the rally from that low. An HP at 117.485 is as high as I am comfortable projecting at the moment. |