Market Curiosity: Exploring Markets And Systems

March 6, 2011

Being familiar with big moves so they are less shocking.

Filed under: Just Watching — Tags: , , — Jeff Fitzmyers @ 2:44 pm

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. — Jesse Livermore

Imagine prices rising 2.3%/day for 20 days … when to take profits??? I’m not saying silver is in a commercial failure mode right now, but if it happens, I want to be prepared.

This chart is stolen from Trader Dan’s article What Is A Commercial Signal Failure.

References
+ Psychology — the supreme key (updated Jan 2011)
+ How high can silver go before a stout pullback? Backwardation and price patterns

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