Wednesday, October 6, 2010

22,69 must mean something :P

Hi,

The SLV ETF ended today's session trading at 22,69...this has to mean something :P

The current chart doesn't say anything besides what I'm about to tell you:

1. Short term indicators are (really) overbought!...this is a condition that can last somedays though...
2. RSI is showing negative divergence. This means a pullback is comming soon..
3. Our trend follower stop limit was updated today to the 22.01 level, so keep this value close to you, cause will allow you to buy again at a lower price.



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