Edited by senorBS, 12 May 2014 - 09:12 AM.
Watch SIL and SLW closely
Started by
senorBS
, May 12 2014 09:06 AM
2 replies to this topic
#1
senorBS
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Posted 12 May 2014 - 09:06 AM
well there appears very little belief in the miners so far given today's gold/silver rally. That may be a good sign for now since we've had such an ugly trading range for weeks now. I was looking at the daily charts and bot SIL and SLW did last week eke out new decline lows for this entire down move down from the late Feb. highs. The key for me is that we could now have seven waves down basis daily charts complete and additional potential bullish daily RSI divergences have been registered, so the potential for a major secondary low is very real - that makes gauging the "quality" of this rally HUGE.
BSing away
Senor
#2
hawkeyefan
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Posted 12 May 2014 - 04:01 PM
If I may ask, seven waves down from where?
#3
senorBS
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Posted 12 May 2014 - 05:47 PM
If I may ask, seven waves down from where?
it is in my post - late Feb highs
