"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

Trader Dan's free work will soon be available at www.traderdan.biz

Monday, February 21, 2011

4 Hour Silver Chart - update


  1. Hi Dan
    The 38.2%'s are all over the place from August last year with another pefect one here in real time. ABC from 30.5 takes us to 37 and from there back to 35.5 add yet another 4 and hello - just shy of 40 as you say. That would be perfection. Thank you as always for your help.
    WalK NZ

  2. These charts are sick! Silver collapses $2 in under 12 hours, hits your trending support line and bounces back into the middle area of the trading range.

    Something crazy is going on, even though I'm sure it's positive for silver, it scares the s*** out of me.

  3. Trader Dan,

    This particular chart is even MORE impressive 16 hours AFTER you posted it.

    PLEASE keep these silver charts coming. They are helping many people make sense of an otherwise VERY confusing situation.


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