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Message: Re: Charts & Comments - Weekly Log Scale

Mar 19, 2011 06:39PM

GBN Weekly Log Scale Chart

Anybody familiar with Eric DeGroot will recognize a certain long term technical price movement that he recognized in the Silver price chart, before a major sustained rally in the Silver price.

"Resolution of three taps and out is close at hand. The weekly chart illustrates a new trend energy highs in 2009. This technical formation is the equivalent of a magma dome formation within a volcano. The building pressure suggests that the third test of resistance will likely be the last."

http://edegrootinsights.blogspot.com/2010/05/silver-three-taps-and-out.html

supersize: http://www.flickr.com/photos/11747277@N07/5541886302/sizes/l/in/photostream/

stockcharts.com

-F6

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