SIZ24 – December Silver (Last:30.580)

See Friday’s chat room discussion for a detailed explanation of a 33.23 forecast for this vehicle last Wednesday that caught the top of Friday’s spike high and a so-far 94-cent plunge within half a penny — a single tick. One contract shorted at the top could have produced a gain of as much as $4700 in a little more than two hours. Looking just ahead, I have used a daily chart (click on thumbnail inset) to project a 33.505 target for the next thrust. Although a pullback from Friday’s high that touches the red line (p=32.33, a midpoint Hidden Pivot), would trigger a ‘mechanical’ buy, I am recommending that you attempt this only at the green line, and only if you know how to use a ‘camouflage’ trigger to cut the $3000 theoretical entry risk by 85%-90%. _______ UPDATE (Oct 8, 12:22 p.m.): The selling has turned ugly this morning, crushing d=30.565 (daily chart a=30.670 on 8/26). The futures are screwing the pooch now after having marginally penetrated the p support of a pattern that projects to as low as 27.65(!) As of the moment, however, the bunco artists who engineered today’s shakedown may be able to do no worse than mildly breaching p=30.438. Here’s a chart that shows it all.