MontesDeOca reviewed a November 24 Academy report published on Trader Planet and on the Academy website, which accurately predicted the movement of the silver market. The accuracy of the predictions added to the Academy’s 94% swing trading success and 67% success for day trading. To see the Academy’s track record, including every trade, win or lose, since 2012, visit the Academy’s website and its Live Trading Room.
In the November 24 report, MontesDeOca said, “The market closing below the 9-day moving average of $18.06 means that the trend is bearish.” However, he also said that if silver closed above the 9-day moving average of $18.06, “it would negate this bearish short-term trend” and we would “begin to see a shift in the momentum of the market.” MontesDeOca said, “If silver closes below $16.94, which it did, it means that the market is bearish.”
MontesDeOca uses the Academy’s proprietary VC Price Momentum Indicator to discern the momentum of the market, bearish or bullish, and then he and his subscribers, who he trains one-on-one, decide how most effectively to enter the market. MontesDeOca, at all times, keeps a careful eye on the risk-reward ratio, so he can manage risk as effectively as possible based on what the market is telling us.
He said, “Silver told us to take profits on bearish positions at the $16.30 to $15.89 level, and then to use the $15.89 level as a stop.” Since the November 24 report, the low was made on the 25th at $16.15. On the 24th, the report told subscribers to cover short positions in silver at the $16.30 to $15.89 levels. On the 25th, MontesDeOca said, “The market triggered the buy signal when it came down to a low of $16.15 and closed at $16.52. This is the trigger point that the algorithm gave us, $16.30.” He called this an “area of harmonic timing, which means that the price has aligned itself with the highest probability of demand.” The low is in the $16.15 area, closing at $16.52. Silver rallied on the 28th to $16.945, which matched what was forecast in the November 24 report. MontesDeOca said on the 24th that there was “a high probability that prices will revert back to the mean of $16.94. The high was $1694.50.”
Where are we now?
Silver met the target of $16.945 as predicted in the report. “The selling pressure that brought the market down was met by very strong demand that brought the price up to close at $16.52,” MontesDeOca said, “closing above the buy-one level, which is the pivot point.” This move gave Academy subscribers who followed the report’s advice a very nice profit of 40 cents or $2,000 in a matter of a couple of days.
Today (December 1), silver came back down and tested the level that was anticipated for today of $16.35 to $16.23. Silver closed at $16.56. MontesDeOca said, “We tested that level of support again that was basically anticipated on the weekly information. What we’re waiting for now is validation that the total bottom in silver has been completed is for the market to close above $16.94, which is the previous high that we saw.” If silver closes above $16.94, the VC Price Momentum Indicator projects prices as high as $17.94, where we find the next higher level of resistance.
MontesDeOca said, “We are alerting you that in silver it appears that the signal on the daily, weekly, for the swing, and intermediate trend have signaled that a bottom has been placed and suggests that $16.30 is a strong level of demand.” So, use a protective stop at $15.85, but only if it closes below $15.85. Silver may come down and test that level, he warned. If silver comes back above it, you do not get out. You should not place a straight stop, but use it as a market on the close order.
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