Watch Out Silver
FNArena has added another video to its Investors Education section on the website. In this broadcast ATW's Jerry Simmons analyses silver and the euro and comes to remarkably similar (potential) scenarios. Silver's price performance has been nothing short of stunning, but analysis by Simmons suggests a brick-wall of resistance is looming. And the same seems to apply to the euro.
Among the matters included in the video broadcast are:
- Potential completion of a Five Wave move (Elliott Wave) in Silver is examined ... Specific levels are given to demonstrate steps in the reversal confirmation sequence
- A comprehensive analysis of Silver is done revealing a Major Resistance Zone at 41.50 - 43.50 projecting the potential for a significant correction ... A weekly reversal breakout (RBO) is needed for reversal confirmation
- Volatility compression patterns are explored with current examples covered to show how the odds now favor a period of volatility expansion and range expansion
- A comprehensive analysis of the EURUSD is done revealing a Major Resistance Zone at 1.45 - 1.46 projecting the potential for a correction
- The US Dollar Index is examined to reveal a potential double bottom is forming at the intersection of a key trend line and major pivot low in the 75.00 - 75.50 area ... Key reversal confirmation levels are identified at .7525 and .7565
An interesting Price Action Profile (PAP) study is covered showing an eighty percent (80%) probability of getting a weekly Up Close going into Options Expiration in April (4/15/2011) using data in the Dow Jones Industrial Average since 1981
To view the ATW Strategic Prep Video (originally from April 11, 2011) click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=34
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index2.cfm?type=dsp_front_videos)
About ATW Australia Founded in June 2010, ATW Australia is a “one-stop-shop for all a trader needs to succeed”: quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality ‘Made in the USA’ specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.
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