Technical Analysis of Silver Wheaton Corp. (ticker: SLW) by Sid from ElliottWavePredictions.com.

Silver Wheaton (SLW) is showing clear signs that it’ll be producing a 5-wave, non-overlapping Elliott Wave impulse to the upside from its November  11 low.  The 60-minute chart really tells the tale, as an almost unmistakeable wave 4 (pink) triangle is forming.  The charts speak for themselves.

Also significant is the fact that Sentient Trader software, which produces a full Hurst cycle analysis of any chart in just seconds, is labeling the early November low as an 18-month cycle trough.  This doesn’t mean that all miners have bottomed yet, but of the ones that haven’t, they are very likely to do so as SLW puts in its blue wave 2 (shown on the 60-minute chart) after 5-waves up are complete for blue wave 1.

Please join me for my weekly “Counts” webinar, where I spend a full 2.5 hours going over all of my Elliott Wave Counts and associated Fibonacci price targets for many of the world’s major stock markets, commodities, currencies, and bonds.  Hurst Cycle analysis is always considered.  A recording is made available to all subscribers afterwards, whether in attendance “live” or not.

Once again, please join me for my weekly “Counts” webinar, where I spend a full 2.5 hours going over all of my Elliott Wave Counts and associated Fibonacci price targets for many of the world’s major stock markets, commodities, currencies, and bonds. Hurst Cycle analysis is always considered. A recording is made available to all subscribers afterwards, whether in attendance “live” or not.  For those looking for a “quick glance” service, featuring multi-timeframe screenshots of my projections for the SPX, DAX, Gold, Oil, Bonds (TLT), US$ (DX), and Euro (EUR/USD), see my EWP ScreenShots service.  EWP Screenshots subscribers receive access to screenshots on Sundays and again on Wednesdays.

Additionally, my subscription service associated with ElevenQuarterStocks.com is keenly interested in mining stocks at this time. All subscribers to that service receive access to a large number of individual stock charts labeled with my combination of Elliott and Hurst, as well as access to a recording of my most recent monthly Eleven-Quarter Stocks webinar, where I go over a large number of beaten down stocks, including many miners.

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Sid
http://elliottwavepre.wpengine.com
http://ElevenQuarterStocks.com