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Thursday, October 24, 2013

Fly in the ointment?

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The only Fly in the ointment that I'm concerned about is the number of weeks that SLV bottomed at. The low was on the 113th week. That is normally a number that occurs at a 3rd wave structure. The Gann oscillator is still negative on the weekly chart while the Daily is positive.As long as we can start getting Higher hi's and higher-Lo's we'll be good. The Daily Time to the 1st wave up was 42, if this turns out to be the bottom and silver is starting a 5th wave the 42 days is a strong count for the First wave. When we get to that point the number of days to a wave 3 Primary should be able to be calculated.

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