O K folks, what does it look like to you??
[attachment=10452:slv40109.png]
SLV
Started by
mss
, Apr 01 2009 11:50 AM
5 replies to this topic
#1
Posted 01 April 2009 - 11:50 AM
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
Posted 01 April 2009 - 12:22 PM
FWIW I think it is buiding a base and we head up soon.
Thanks, mss, for all the great stuff you bring to Traders-Talk.
Best to you
Peace
johngeorge
johngeorge
#3
Posted 01 April 2009 - 01:55 PM
Neither, I don't think I would trade it right now. The 60min chart looks weak and I like to see a low rsi & macd in the 60m before going forward. What would you base either a swing or position on? And maybe we could pin a thread with definitions we can agree on for things like swing & position trades. Comment time is 1:55 cst.
MK
#4
Posted 01 April 2009 - 02:34 PM
hi scott,
I don't know what is keeping silver afloat here. But if it sells off here strong for a day or two, it will have a long way to go as the cycle picture is not supportive. I'd use that trendline as a stop for now.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#5
Posted 01 April 2009 - 03:53 PM
My history at this time: for me a position was in the 9.50 range and held to the breakout failure -- out around 13.70ish
Did not go short,
----- did not try at 11.75 -- waiting, will stab at 12.25ish -- maybe long trades only.
comments--
mss
BTW: for me a swing trade is going from long to short or short to long within a defined range channel.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#6
Posted 10 April 2009 - 02:44 AM
SLV 60min and daily charts
and XAU long-term daily with SPX and XEU price overlays
at this link -
http://www.websiteto...post?id=3415134
and XAU long-term daily with SPX and XEU price overlays
at this link -
http://www.websiteto...post?id=3415134