Friday, March 26, 2010

3/26 pre-open

Yesterday's decline stopped right at the 5-min 380-unit M/A.  This is a classic re-entry point within an uptrending I1.

I can only see higher prices from here through next Friday, as only higher prices can tip my technical composite into a sell signal (-22).
Silver is currently 16.84 and has avoided triggering the hourly close stop at 16.89.

4 comments:

  1. Steve, Is it safe to buy right now being prices should go higher for a week or wait now for a short play. Some say month end will triger a sell off, others say a 4% 10 year bond yeald. Your thoughts please

    ReplyDelete
  2. I'm waiting for a short play, but that is because of the dangerous nature of this market. If you keep it small going long should be OK.

    ReplyDelete
  3. I take it back. Stocks are at resistance right now. I will publish a chart in a second...

    ReplyDelete
  4. OK to buy here on a trade with stop at DJI 10,817.

    ReplyDelete