Loading ...Over a week ago, I started positions in a few silver juniors. This was based on my feeling that a low was close.
I didnt base this on any ew count. Either because I dont have the skills anymore or perhaps because these low volume charts are hard to read. Also I dont often bother to start my laptop and the charting software I use.
I just use the charting app on my ipad which has limited features.
Looking at a multiyear chart it just seems an important low is being formed. Still it wouldnt surprise me if we test that low or even marginally take it out. If so I may add. I used the recent rally to pare some positions in both gold and silver stocks in ones that didnt look that good. Of course as often happens, some of those will rocket but that is part of the game.
I have always traded whatever chart looked good in any market.
As I have posted, the bulk of my trading account with profits and losses from over the many years is in govt notes and zips zero coupon.
aurum