Saturday, August 6, 2011

DailyMarkets.com - Silver Parabolic Bounces And SP-500 Standard Deviation Extremes

DailyMarkets.com - Silver Parabolic Bounces And SP-500 Standard Deviation Extremes

Silver Parabolic Bounces And SP-500 Standard Deviation Extremes

Posted: 06 Aug 2011 12:12 PM PDT

I do not have any positions related to silver, but for the heck of it I decided to explore what happens after a silver parabolic explodes. Certainly, when a parabolic move peaks, price drops like a rock from the sky. Then, at some point, it stops falling and price begins to rebound – heading higher in the direction of the parabolic top. The question I asked myself was, how high will silver rebound before getting knocked to the ground again?

I decided to use the Fibonacci retracement tool to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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