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<p>[QUOTE=&quot;WingedLiberty, post: 1050284, member: 26030&quot;]It&#039;s interesting but the chart i posted above also shows the previous cup and handle formation and the exposive move that occured from 2005 to 2007</p><p><br /></p><p>In early 2006 silver hit $15 ... then fell to $9 </p><p><br /></p><p>So the delta was $6</p><p><br /></p><p>When silver moved above $15 in the move upwards in late 2007</p><p>technical analysis predicts the move will top out at</p><p>the old high $15 + the delta of the previous pullback ($6) = $21</p><p><br /></p><p>Look how when silver hit $21 in that move in 2008 ... </p><p>(which was the predicted high from technical analysis)</p><p>that was the short term sell point of that move.</p><p><br /></p><p>You can look at old charts of almost anything to get a feel for how often this technique works.[/QUOTE]</p><p><br /></p>

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