Caution: Bears in area
I hardly ever post charts mainly because I don’t know how to and because I post from my mobile. I prefer to use my thoughts and hope I can convey my message. Hopefully if I’m making sense it’ll be followed up and challenged if I’m mistaken.
I just want to emphasise firstly I am bullish. No thought of flipping just yet but I will no problem doing so when the time is right. I have mentioned previously I like Silver for my own reasons, but flicking through the charts before bed, I see a potential bear flag on the 30min chart. Would like to see how that develops out. I’m not concerned in the long term but short term we may have a semi pullback? Have had bull flags on the way up today a lot of exuberance and buying from those not wanting be left behind. When the buyers are all in…you know the rest.
price went more or less straight up today which built out very little support areas, so we could head back just as quick. A call of caution in all this excitedness. I never thought it would come from me. (p.s: I am long metals right now)
I Don’t know, of course,but Mondays action
was probably brought on by frustration over the dollar not giving a clue plus the fear of missing out. You may be right about everyone being in the pool, etc.I’m kinda going by Rambus.