Pullback to BUY?

Just a quick note as I need to prepare for action today, after not having to do much the last few weeks. It looks like this is going to be another rough day for my accounts, but in that there is opportunity and that is where I will focus. I need to review the exact levels at which I want to add, but they are around the 50 day MA’s and or the 50% retracement fib levels. I recall this weekend they didn’t match up exactly, with around a half dollar difference between the two on several of the silver miner etfs, for example, so in between those two figures is good enough for me.
SIL is a bit tougher bc the 50 MA is up at $27.14, but the 50% retracement is down near $26, and the old highs are in the $27 to $27.50 level, so this once had a big range where it could find a bottom, tough to narrow it down as it looks to open near the 50 MA this morning, already traded at $27.19 If the other etfs can get into the same areas near the fib and 50 MA, then I will take it as time to add more heavily since I don’t believe the bull is done.

I am using SIL as a an example this morning because it is the largest of all the silver miner etfs. If I get time I will post the SILJ chart, since that is likely where I will be doing my buying this week. It is always best when several different but related vehicles are confirming the same thing, thus my examination of SIL this morning.

Long story short, as we can see in the chart we are coming down to levels that will not only work off the overbought levels and sentiments, but also might offer support. These become areas to buy or add, as long as one still has conviction in the bull market, that is all we have to ask ourselves, is it still on? I think it is. For those tab, my accounts are still nicely higher with a big cushion of unrealized gains which allow me to be aggressive and push for more. Let’s see how it works out, but for now I am on record as I will be adding this week, likely today (Monday) and maybe a few more days as well. I will keep readers posted, and as always, the statements never lie so everything can be verified! Why don’t all advisors, newsletter writers, etc just post their statements, not excel spreadsheets they fill in, I’m talking actual statements?