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<p>[QUOTE=&quot;krispy, post: 968556, member: 19065&quot;]I honestly don&#039;t understand well enough, nor know how to employ such technical chart analysis lingo myself. I also don&#039;t think the author of that article did a very good job of explaining it to us readers either. I responded to his indication that silver was not tracking gold as I&#039;d just watched this myself in days prior and recalled similar comments expressed here in the forums. From my limited understanding there are a few different type of performance wave patterns (used especially in commodities like this article has) that are employed as indicators of what&#039;s happened to foresee what may happen next. I have seen A, B, C and D-waves used on gold and silver charts as such: A = Advance, B= Decline, C= Advance, D= Decline. Does it end with D or continue on alternating between advances and declines? I&#039;m not entirely sure. It may only go a few steps then repeat. I&#039;d like to know if anyone has more info on who this works. Such speculation based on past performance is risky right because no one can say what is coming next, so I take the charts and this authors authority on the matter with a grain of sale. This wave pattern analysis reminds me of <a href="http://en.wikipedia.org/wiki/Elliott_wave_principle" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Elliott_wave_principle" rel="nofollow">Elliott Wave theory</a> which I have tried to understand but do not yet grasp. Curious to know if they are related / one-in-the-same???[/QUOTE]</p><p><br /></p>

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