August 11, 2013

  • SLV Daily chart has closed above 50 Day SMA.
  • Weekly chart is yet to break above the descending channel. Price need to stay above the channel for a bigger up move to happen.
  • Weekly MACD is showing a bullish cross, for this one to perform well price need to stay above the channel shown in 2nd chart.


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My Favourite Quote

"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