The trend follower is now at 23,34. You know the drill...a daily close above this value is a BUY trigger.
Here is the picture:
The weekly chart is showing some will to correct more, but let's wait first for the next week's close.
Take care,
JAPO.
Sunday, October 24, 2010
A glimpse on SLV
SLV (silver) is currently trading in a correction mood. The prices are sitting at the midle line of the standard bollinger band and, for me, this can act as a nice support fot the correction. If it doesn't, then it will probably drop to the lower line of that bollinger band.
The trend follower is now at 23,34. You know the drill...a daily close above this value is a BUY trigger.
Here is the picture:
The weekly chart is showing some will to correct more, but let's wait first for the next week's close.
Take care,
JAPO.
The trend follower is now at 23,34. You know the drill...a daily close above this value is a BUY trigger.
Here is the picture:
The weekly chart is showing some will to correct more, but let's wait first for the next week's close.
Take care,
JAPO.
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