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Daily Digger - Monday Dec. 20, '04


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My buy stop is still 6.95 in Silver basis spot.

 

T.F.H.

 

Good luck with that trade.

 

I think silver is still flagging. The flag seems to be taking on a conventional corrective abc pattern consistent with it being a b wave or a wave 2.

 

 

Bear my thinking is if we can take out 6.95 we will get a good run. My target is 7.65. Futures position only.

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...bearvest....visited your beautiful Niagra falls last autumn..... (off-topic, but we need some joy).

 

Live view....

 

Grinch:

 

I live about 100 miles from Niagara Falls. When I was a kid and gas was 18 cents a gallon, a Sunday drive and a picnic at Niagara was always a part of summer. We could find a spot to park on the street where you took that picture--No bus ride in.

 

That's a great shot taken from an unusual angle. It shows the upper rapids, the constant mist thrown up by the falls, and a rainbow.

 

It captures the awe and majesty of the falls, while supressing the obvious drop, and leaving the viewer engaged.

 

It's a great perspective. Did you take it yourself?

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GSS on a weekly is supported by the ascending trendline.

 

GSS on a daily jumped the creek and can't seem to make it back inside the trading range.

 

Downside risk looks like 2.40 which is the bottom of the falling trend channel.

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