SLW, Silver Wheaton update.

slw mar 13 2013 bslw mar 13 2013 s

Again counting is not my forte’ , but this one is relatively simple. Notice that both charts are essentially identical in structure, but the scale is different. This is what is known as a “fractal” best explained by asking how long the shoreline is, depends on the measuring stick you use. Apart from that this stock confirms so to speak what we found with ABX in the previous blog. A small 5th wave thrust from what appears to be a triangle is still required to complete the pattern. In this case a stop at around $29 is advisable.