longshort

longshort

SLV has taken out resistamce at 22.34 Looks like SLV has entered the yellow gap gap at the lower bound, but not quite sure. Anyway I expect that the gap should be filled and then I consider a full or partial exit. At around 26 there is a heavy resistance line!

longshort

Like published in SLV III 3 weeks ago (While long-term bearish, I'm as of now short-term bullish about SLV: looks much like in price, OBV and DMI.) SLV has jumped up very nicely!!!

longshort

Price Action: Yesterday HUI had a STRONG pullback from Fibo RL 61.8% (and new violet resistance line) at ! Risk Mgmt: Raised Stop Loss to entry level to eliminate loss. Correlation: Added Gold Trust for comparison: While GLD has like HUI broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...

longshort

While long-term bearish, I'm as of now short-term bullish about SLV: looks much like in price, OBV and DMI.

longshort

The expected breakout from the falling wedge has finally happened! DMI turning around nicely... Added two new support lines.

longshort

DMI has not yet given a buy signal, but the same pattern like back in end of 2000 and end of 2008 establishes IMO. Fibo timeline is experimental (1 and 2 are tops, 3 is middle, 5 and - ideally - 8 are bottoms in the pitchfan).

longshort

Will SLV breakout?

longshort

Is SLV close to a breakout?

longshort

2013-06-24: Maybe a huge falling wedge is shaping. Will there be support at around 18? If not, will there be a further breakdown to around 10? 2013-06-26: First target - Support at 18 - has been reached.