Silver is currently 16.84 and has avoided triggering the hourly close stop at 16.89.
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.
Silver is currently 16.84 and has avoided triggering the hourly close stop at 16.89.
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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
ReplyDeleteI'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.
ReplyDeleteI take it back. Stocks are at resistance right now. I will publish a chart in a second...
ReplyDeleteOK to buy here on a trade with stop at DJI 10,817.
ReplyDelete