“The markets are the same now a they were five or ten years ago because they keep changing…just as they did then.” Ed Seykota
At the beginning of Thanksgiving week we flagged a Cup and Handle pattern in silver.
Our expectation was it would “come out” before the end of the week.
Below is a daily SLV through from late October through Tuesday, November 25.
On Tuesday SLV carved out an NR 7 Day. This is the narrowest range in 7 days.
In our experience these contractions of range telegraph an expansion of range is on deck.
Consequently on Tuesday on the Hit and Run Private Twitter Feed we alerted members to take long positions in AGQ, SII and AU (a gold miner)
Our AGQ entry was 87.55
SII entry, 87.10
AU entry 84.75
AGQ
SII
AU
On Wednesday all three exploded from opening gaps led by SLV.
Below is an updated SLV through Wednesday’s close
One of the factors underpinning the ramp was the pattern that suggested SLV would be magnetized
To the Tops Line from October 16 all time high.
Whether this is a Secondary High to the Oct 16 top or a new leg up is pure speculation.
Silver was coiled. The setup was on the table. We took it. We trimmed and await the Final Arbiter—Price.
Pulling back the lens to look at the big picture structure on the weeklies show a Cup and Handle telegraphed the parabolic run-up from June.
Upside follow through from here suggests SLV is embarking on a 5th wave.
If you just trade “pattern recognition” there is no better place to be than on the receiving end of a Hit and Run membership.
But of course pattern recognition is not our only tool.
Anyone can recognize an odds-on long setup and “get in” a trade. The art of trading lies in knowing where to lock in partial gains or exit completely.
“It is far more difficult to know when to sell a stock than when to buy.” Bernard Baruch
This is the value of my Square of 9 Wheel.
It clearly defines resistance and support based on the Principle of Squares.
WD Gann’s Principle of Squares is founded on the idea that price (and time) moves in harmonic relationships that follow predictable geometric and mathematical patterns.
In fact Gann stated that all important highs and lows are harmonically related based on the concept that price movement is not linear but a logarithmic progression…a spiral-shaped calculation that mirrors the spiral of our universe the Milky Way which resembles a “9”.
From SLV’s March 2025 low of 26.50 a full 360 degree advance is 51.
SLV is on the verge of a weekly Rule of 4 Breakout. However, a push to the 51 region that reverses through the breakout pivot suggests this is a B Wave of the October Wave 1 high to be followed by a C wave in Wave 4.
In sum, trading is the art of anticipation.
As legendary trader Bernard Baruch stated “A successful trader is one who is good at anticipating the anticipators.”
To master anything in life, you have to do that thing consistently over a long time. After a while, it becomes routine. That consistency makes you efficient. However, trading is a twist. Market conditions can turn on a dime. Many traders cannot. To be good at trading, you need to learn when to break the routine to adapt to new conditions…which players call “the trend”…be it the short-term trend, the intermediate term trend or the major trend.
I have been trading for over 40 years.
My sense of anticipation comes literally from the idea that good judgement comes from experience and that experience comes from poor judgement.
When the “passive trade” that has backstopped a 17 year bull run from November 2025 unwinds doesn’t reward the BTD meme proven experience from a trading coach will put you in a position to capitalize on both sides of what will be a return to accelerated volatility just now casting its shadow in 2025.
For example the SPX dropped from a February high of 6147 to 4835 in 7 weeks.
Then it rallied 2035 points to an October peek.
Recently the SPX dropped 400 points from 6920 to 6521 in 4 weeks and rebounded 310 point in the last 4 days.
Every day on the Hit and Run Private Twitter Feed we produce a daily Roadmap. In mid-December we will walk through our annual outlook for 2026.
Wednesday the SPX and QQQ turned their respective 3 Day Charts up at potentially important resistance.
The next few days will give the verdict on whether we get a Follow Through Day or whether Wednesday was a bearish Pinocchio at resistance.
I am a short term and swing trader.
I trade like a sparrow swooping in to grab gains believing that the more time in is risk—the more time means accepting more risk.
Sparrows make many quick stabs at a piece of bread. They are hard to shoot down.
They will never be a sitting duck.
Every single day the little successes drive me to the next day, to the next day to the next day.
Square of 9 Wheel
Purchase your own Square of 9 Wheel. Shipping to US only. Contact Jeff for shipping outside the US.