Walter Bressert Futures OnLine Using Cycle Trading Patterns to Buy Bottoms & Sell Tops in the Direction of Trend and at Trend Reversals
Silver Daily

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The swings are kind of strange in Silver because of the large number of big range days often followed by a series of inside days that do not exceed the high or low of the big range days. I consider this to be a "sloppy" swing market and do not like to trade it because it is too volatile. However, the low of 12/3 was a setup bar and Friday's price range exceeded it to confirm a trading cycle bottom indicating prices could rise to test the trendline near 500. Since the weekly high is not likely to be exceeded, one way to trade Silver would be to look for an overbought oscillator as prices are near a previous week's high, and sell the market against the previous week's high.

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Walter Bressert Futures OnLine
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