Silver tracks previous movements to a T
Posted:
Sat Sep 24, 2011 8:12 amby Lemon Thrower
here is a brief article about silver tracking the earlier 2000s price movements. not much meat here, and not enough for me to have an opinion on whether i agree or not, but very interesting nonetheless.
http://www.financialsense.com/contribut ... ern-to-a-t
Re: Silver tracks previous movements to a T
Posted:
Sat Sep 24, 2011 8:46 amby 68Camaro
Without reading it (yet), I agree with the premise only because it makes common sense: the same forces the caused the previous drop caused this drop, and the same troubles that create the rise are still in place.
Re: Silver tracks previous movements to a T
Posted:
Sat Sep 24, 2011 9:49 amby barrytrot
Funny how "tracks to a T" means that the black line and red line are almost never on top of one another.
I could take the graph of any stock, move it around a bit and match it up on any other graph. Useless as well.
Re: Silver tracks previous movements to a T
Posted:
Sat Sep 24, 2011 10:01 amby 68Camaro
Not sure you could do what you say without distorting the data Barry. I guess I should read the article (don't have time this morning), but I presume that in the above the red lines have been scaled vertically to match cost, which I don't have an issue with as long as it was done linearly. I'm not sure I even have an issue with scaling the time axis as well, as long as they weren't a factor of 10 off.
I'll just say that for me, while the degree of comparison depends on what you consider satisfactory, the above is "enough" of a satisfactory match to me to suggest that there might be similar factors at work in each, and I look at analysis/test data comparison plots for a living (in part). So it would make me ask - are those same factors (fundamentals) at play in each case? And my answer would be yes. And so I would consider the likelihood of the black line continuing to follow the red as "strong".
To each their own, I guess.
Re: Silver tracks previous movements to a T
Posted:
Sat Sep 24, 2011 11:09 amby barrytrot
68Camaro wrote:I'll just say that for me, while the degree of comparison depends on what you consider satisfactory, the above is "enough" of a satisfactory match to me to suggest that there might be similar factors at work in each, and I look at analysis/test data comparison plots for a living (in part). So it would make me ask - are those same factors (fundamentals) at play in each case? And my answer would be yes. And so I would consider the likelihood of the black line continuing to follow the red as "strong".
To each their own, I guess.
I agree it is a reasonable comparison. But in no way "to a T".
Re: Silver tracks previous movements to a T
Posted:
Sat Sep 24, 2011 11:42 amby 68Camaro
barrytrot wrote:I agree it is a reasonable comparison. But in no way "to a T".
OK - now you're just differing over degree of emphasis. I cut him a little slack...
