I am long from 16.50. I DO NOT think prices have bottomed yet.
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Setting up to his the 17 handle on Monday
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First layer hit. (I think this is more likely to be a bear market rally, so be aware.)
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No interest in trading in and out of this. I am adding to my position this week. Smells like an explosive rally is coming.
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I added on Friday at 16.35
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Pattern formation and directional possibilities I'm seeing right now:
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Watch the blue level. This may determine the future of silver for the next few years.
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Keep in mind, the "ultimate bottom" was reached last week (my price was $14.60 - flash crash low was $14.30). Notice how price reversed strongly - a strong indicator of the importance of that level.
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17.25 is the next place to add. The bottom is in
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breaking out. Next target levels are the following:
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Bottom still intact. I have no doubt this will explode based on the type of consolidation we're seeing. Question is how long it will take, and if we could see a deep dip before lift off.