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OnLine Cycle Analyst's Seminar - Trend and Price Swings- 14

Viewing Instructions:
Click on the Real Media Audio link below to begin; click Next to go to next chart. Before clicking on the audio link, allow the chart to fully load. If the charts do not download completely, right mouse click and choose "refresh".

SILVER DAILY
The swings are kind of strange in Silver because of the large number of big range days often followed by a series of inside days that do not exceed the high or low of the big range days. I consider this to be a "sloppy" swing market and do not like to trade it because it is too volatile. However, the low of 12/3 was a setup bar and Friday's price range exceeded it to confirm a trading cycle bottom indicating prices could rise to test the trendline near 500. Since the weekly high is not likely to be exceeded, one way to trade Silver would be to look for an overbought oscillator as prices are near a previous week's high, and sell the market against the previous week's high.

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