regarding SLV, well it continues its up trend. Remember
yesterday I said that GDX and SLV looked like bull flags on their
15 min charts, that played out.
Now however we have some potential for negative divergence on
the15 min chart, however the MACD needs to roll over and cross down
to confirm this.
otherwise it's obviously in a strong uptrend.
Did you enter SLV on the break from the breakout of the triangle
when I first added it to the watchlist down around $18.2, or did
you enter it later in the 19th's when it took out the highs
longer term a pullback will come eventually as it's quite
overbought on the daily chart and RSI is way up there, however by
the looks of the MACD with no negative divergence, a pullback will
probably be another buying opportunity.
Posted by frtaylor on 24th of Sep 2010 at 10:21 am
I got in in the low 18's then out again in the low 19's when
there was a possibility of a pullback. Wish I'd only taken 1/2 out!
Very afraid of losing money based on a bad year last year w/ a
service that was not good for me.
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SLV
Posted by frtaylor on 24th of Sep 2010 at 10:08 am
Wow, SLV lept over its all time high today! Matt, if you would care to opine on this development I am all ears.
regarding SLV, well it continues
Posted by matt on 24th of Sep 2010 at 10:16 am
regarding SLV, well it continues its up trend. Remember yesterday I said that GDX and SLV looked like bull flags on their 15 min charts, that played out.
Now however we have some potential for negative divergence on the15 min chart, however the MACD needs to roll over and cross down to confirm this.
otherwise it's obviously in a strong uptrend.
Did you enter SLV on the break from the breakout of the triangle when I first added it to the watchlist down around $18.2, or did you enter it later in the 19th's when it took out the highs
longer term a pullback will come eventually as it's quite overbought on the daily chart and RSI is way up there, however by the looks of the MACD with no negative divergence, a pullback will probably be another buying opportunity.
I got in in the
Posted by frtaylor on 24th of Sep 2010 at 10:21 am
I got in in the low 18's then out again in the low 19's when there was a possibility of a pullback. Wish I'd only taken 1/2 out! Very afraid of losing money based on a bad year last year w/ a service that was not good for me.