May 11, 2011

  • SLV Day got resisted exactly at the 50 Day Moving Average.
  • Hour is forming a range from 33.58 - 37.90.
  • Breaking the cloud in hour is going to be tough for bulls.
  • If 33.58 Breaks we may see the next leg down for SLV

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore