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AvatarFred Kaiser
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Post count: 2

Sean,

I note that SLV has a bear unit of 4.39 (27.39 top -23.00 initial low) that formed and is now confirmed by a drop below 23. Most retracements are 2 1/3 times the bear unit which gives 10.22. That taken from the top gives a potential retracement to 17 area. This doesn’t always happen but a great percentage of the time it does.