Monday, October 25, 2010

Updated scenario for silver, looking for long (again)

I am stalking silver for (another) long.  I am convinced silver will ramp again due to the precarious condition of our economy and dollar, the question is timing and low risk entry (in my view).

Here are my updated Elliott Wave counts.  Note that this is just my best guess.  I have studied other peoples' charts and they have slightly different counts or ideas.
Weekly Chart

4 hour Chart (zoomed in view)