Silver Update 02182011

As expected the upside target was taken out in Silver cash..

--Tony

GOLD Update 02182011

In the Box! Next upside target is at ~$1395 level.. remember to bump up those stop loss orders as applicable..

--Tony

Silver Geometry ** Update ** 02/17/2011

Updated Silver (cash) geometry.. such fun stuff!

--Tony

SILVER Daily Update 02172011

See attached updated Silver (cash) daily chart.. as stated in the report "The Silver daily bars indicate higher prices lie ahead.. next date is 02/21/2011.. "

Humming along..

--Tony

ES Futures

I hate trying to pick a top but this is such a low risk trade. The es's can't breach 1339.25 without making the 3rd wave the shortest. You either short here and know you're wrong right away or maybe catch the exact top. Very low risk setup. :)

S&P Update

Yesterday we met the long term Fibonacci price projection of 161.8% off the March 09 low. Target was 1337.63 and 1337.61 printed. Today February 17, 2011 we meet a 161.8% time projection off the July 1, 2010 low. Time to consider tightening stops on any longs.

S&P Level

S&P is at a very interesting turning point. 1337.63 is an exact 161.8% Fib projection from the March low. We've now made 1337.61. Todays close will be interesting. A 161.8% Fib time projection falls on 2/18/11.

Euro Geometrics

Euro tested the floor 4 times then broke through!

Eur/Usd is up against the face of the cube!

ES Futures Geometric Cube

Eur/Usd

The Euro is following it's geometric rectangle!

Basic Geometry In Silver 02142011

See attached.. basic geometry in Silver.. you can see a basic rendering of the geometric shape that we are currently "boucing around in" .. break the larger structures as shown down by 4ths to further your own research..

Enjoy!

Tony

Silver 02142011 - Elliot Wave

See attached with Elliot Wave.. Regardless how you label this move in terms of Elliot Wave (either an impulse 5 wave structure or a corrective 3 wave structure) there appears to be higher prices on the horizon as indicated on the vector charts..

--Tony

Silver 02142011

See update... Daily indicates higher prices going into the 21st.. next upside target (for swing traders on the hourly) is 31.02 by the 16th.. and as expected we are encountering consolidation at the $30.57 price level..

Happy Trading!