Silver on major sell off soon!!!

As the have no real fundamental demand what does stories telling are hyped demand scenario's, the divergence seen from gold/silver ratio suggestion any upside on silver is capped and will melt down any time soon towards regression zone.

Any levels on which we can predict that the time is now come to take a position in short side........????

Can someone please post daily timeframe candlestick chart of silver containing last 3 months price bars ?

Smart_trade

Silver is in strong uptrend. Only a fool can sell.

I think thestravingtrader had posted silver charts on his blog

Link for the chart.

http://img860.imageshack.us/i/silver3m.jpg/

Regards,

mangup

Thanks mangup for the silver chart.

The chart indicates that after 1-2 days there will be a short term top and silver may take a small correction in the form of sideways to down move. But the upmove will not be over yet , it will make higher tops after the correction....

Smart_trade

Dear Smart Trade ji,

What indicated that there will be a short term top and silver may take a small correction in the form of sideways to down move ?

That too just by seeing the price charts with out any indicators.

TIA.

Just applied a technique called " Sequential " developed by Thomas DeMark to the daily price chart.....we are in a " set up " stage and we have completed 8 days of set up on Friday. Market makes a short term top on 9th day....but sometimes it is made on 8th or 10th day too....after that market goes in a correction . The uptrend will resume once the correction is over. Then we will have a "count down " stage which will indicate the final top of this uptrend.....The final top looks much further as of now...

Smart_trade