Thursday, May 05, 2011

Silver headed back to $18?

It looks like silver may have one more rally left in what appears to be an expanding triangle terminal or double top pattern.

Blue lines are the expanding triangle. Expanding Terminal/Double Top could complete in next few months and once complete would create a panic situation returning silver to its breakout area and Andrews equilibrium point of $18 sometime in 2012.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home