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Michael Noonan Edge Trader Plus Michael Noonan is the driving force behind Edge Trader Plus. He has been in the futures business for 30 years, functioning primarily in an individual capacity. He was the research analyst for the largest investment banker in the South, at one time, and he... More
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  • Silver Close - Part Deux 0 comments
    Dec 21, 2012 11:46 AM

    Friday 21 December 2012

    As long as the end of the world is not happening, we might as well continue monitoring the markets. You can see from the current chart that we have another instance of a close on the low that could be meaningful. This one has a sharp volume increase, as well.

    Market analysis is ongoing. Just because something did not work as a possibility at one point, does not mean it is still not valid at another. The concept is grounded, but knowing the precise circumstances in which it will apply is an art form, and one not fully developed for this configuration.

    Consistency in analysis is critical, so we point this out as a means of capturing developing market activity that can lead to putting the market into a context that may, in turn, yield an opportunity.

    (click to enlarge)

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