Thursday, December 30, 2010

New SLV high

Good night

Silver hit today a new year high at 30.08 (SLV value). This shows that a very strong uptrend is underway, in spite of the close in red at 29.76. Let's "look at the trailer":

Trend follower trigger is at 29.18, so be careful. MACD turned into positive ground today and this is an important sign. I just don't like the close below the upper bollinger band line. Short term momentum is also a little bit overbought.

You have a nice 2011!

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