sinclair-like thing for silver = 41.05

sinclair-like thing for silver = 41.05

As of 2011-8-10.

James Turk is is saying 42 as reported on maxkeiser.com 2011-8-10:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/8_Turk_-_Fed_May_Announce_QE3_Now_Creating_Gold_Explosion.html

41.05 from http://squareofnine.blogspot.com/ about Jesse Livermore, the person Jim Sinclair sighted when he talked about the basis for 1764 FOR MAJOR TREND CHANGE FOR GOLD FROM UP TO WAY UP:

Major-change-in-trend indicator comes from:
* an 80% ("death zone" ends at 79%) increase from the latest closing low where 100% is defined as the difference between the latest closing low and the previous closing high.

Trend indicators come from:
* SR (approximate square root of closing price at an earlier date). For silver I'll use SR = 2, approximate square root of $4 silver price in 1975...
PLUS (+)...
* NC (net change = gross trend changes up in price for silver minus gross trend changes down in price for silver): there have been a net of 4 trend changes up from 1975 to date (2011-8-09).
* multiplying SR + NC by itself.

SR + NC times itself = current trend indicator.
(02 + 04 = 6) times (02 + 04 = 6) = 36 = current trend indicator.

TIMELINE:

36: (6 * 6) trend indicator in place until silver closes above next up trend indicator of 49 (7 * 7)

39.25: 2nd latest closing low, 1 aug 2011

41.50: 2nd latest closing high, 4 aug 2011

39.25: latest closing low, 5 aug 2011

39.80: latest closing high, 8 aug 2011

41.05:
* 100% = 2nd latest closing high = 41.50.
* 0% = latest closing low = 39.25.
* 100% - 0% = 100% = 41.50 - 39.25 = 2.25
* 10% = 0.225.
* 1% = 0.0225.
* 79% is upper end of "death zone".
* 80% = 80 times 0.0225 (1%) = 1.80.
* 39.25 (0%) + 1.80 (80%) = 41.05.

CAUTION: JUST A COINCIDENCE THAT 80% = 1.80.

CONCLUSION: A FUTURE CLOSE OF 41.05 OR MORE WILL SIGNAL A MAJOR CHANGE IN TREND, LIKE A POSSIBLE HYPERBOLIC RISE.

SOURCE:

http://squareofnine.blogspot.c​om/