Thursday, March 11, 2010

Silver

Okay...Silver is showing weakness and even some trouble supporting the bears' attempts to drop it.


Okay...those damn french gays from Marseille drawn with Benfica in Lisbon..so what? All I know is my trend follower is stocking this SLV chart very tightly.

Today SLV closed a little bit above my follower value, so tomorrow may be generated a new sell signal, because right now silver is very overbought (in spite of the new stochastic oscillator buy cross).

Weekly speaking, silver has a little more room to climb up the walls of worry, but let's have a little caution here and leave the excitement out of the equation. By the weekend I'll show you the weekly chart of silver, along with other equities.






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