I have to start the topic again? C'mon, let's get some volunteers in here. Okay, Sunday night showtime, let's roll.

You beat me by 15 lousy seconds, and with chart... Yeah, that's a big part of why I'm being cautious. It's not so magical once you pull back the curtain (a reference from 'The Wizard of Oz', the explanation for my foreign readers, who may not know that one).

Good catch. Looks like Butterfly. My chart follows yours.

Originally posted by rat89

tx, am I wrong, or is there a mini 5 pt evolving here with x at 56.16 and d setting up here around median line?

Click image for original size

Silver in official bear market territory after just 3 days of dropping:



Will bulls be able to just shrug it off?

Key .382/.447 coming in here. Watch closely. A clue as to whether this is a 'ride until close' move or not should be coming soon.

Notice the structure of the last big leg down (off your highest lower case d)??? I see that as 5 waves for that leg, in perhaps an ABCD starting at your upper case C. Part of a bigger DT ABCD (a way overextended one...), or maybe just an ABCD off that C point (my viewpoint), even if A is nominally higher. I see that happen all the time. Just something to think about.

Originally posted by jarek

Silver in official bear market territory after just 3 days of dropping:

Click image for original size

Will bulls be able to just shrug it off?

You mean 5 waves down possibly completed?

Yes, 5 waves completed in a CD leg.

Originally posted by jarek

You mean 5 waves down possibly completed?

But, one would have to be bullish, thinking this is an ABCD. If it drops from here, that may have profound significance. But, if this 5 waves can't even bounce it, that's a monster-sized clue to me.

Notice the ES off that key .382...

Now dropped down to the KZ. Watch what it does... Battling KZ's.

jarek,

Very impressive work!

Good Trading,

Al Kamego