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albert
Rep: 99
Posts: 3,094
Here it is.

Chart.

Click image for original size


Isn't Hindsight grand? Mine is 20/20 on this one. Looks almost like magic in hindsight, but it is just the tools, as presented in this forum.

Happy April Fools' Day.

Al Kamego
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jimkane
Rep: 3,058
Posts: 33,089
Thanks, roofer, I appreciate that.

Originally posted by roofer

fyi- my apologies... towards the end of the day i was just posting and trading and closing out positions preparing to blast out the door at 401 for the doctors.... i did not even see your question until a few minutes ago and responded promptly...best i can do.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, the ES is 'on the move'.
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jimkane
Rep: 3,058
Posts: 33,089
Does anyone recall the Silver continuous contract weekly chart I posted awhile back? Let's look at that again.


Click image for original size
SI_040213_cont_weekly chart



I've been dying to see silver get sub-20. This shows how, as the ES rises to those much higher levels I mentioned.


But, look what happens when we look at logscale, something that is relevant when the price scale is across such a large range.



Click image for original size
SI_040213_cont_weekly_logscale chart



Hmmm, maybe this is it, like many are saying. Either way, my areas are clear.


Charts created on QCharts, courtesy eSignal
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jimkane
Rep: 3,058
Posts: 33,089
BTW, the above post is dedicated to Duane.
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jimkane
Rep: 3,058
Posts: 33,089
And remember (from the chart I posted back a ways), gold comes together at around 1350 if silver does make that move to the lower area. We all know what the ES would likely be doing if that does play out. Wow.
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jimkane
Rep: 3,058
Posts: 33,089
And gold has a lot of stuff between say 1445-70. That should be an issue for it, too. This is coming off the weekly chart.
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jimkane
Rep: 3,058
Posts: 33,089
For those that think my silver chart is crazy, here's a chart from that excellent site roofer posted earlier. Note not only the level of the drop, but the time factor. Look familiar?


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jimkane
Rep: 3,058
Posts: 33,089
My next area overhead for the ES, short-term, is 70-73, and if it really pops, 77. Assuming it goes up, which is not a given.
MA
MarcinO
Rep: 67
Posts: 5,506
Let's see the reaction off the blue Modified Schiff set.

Click image for original size
RO
roofer
Rep: 3,689
Posts: 3,574
another view.. based on the geometry we trade
Click image for original size
RO
roofer
Rep: 3,689
Posts: 3,574
Click image for original size