Tuesday, February 15, 2011

SLV Silver Weekly M Top

SLV silver weekly chart gives a much clearer picture. Hand me a trumpet, I'll play 'Taps'. Price needs a few pennies to be official negative divergence but simply look at those indicators, it is unlikely that any price move higher will be able to pull up those sagging indicators, to the contrary, they are pulling price down. We are probably seeing a classic M top in the making. Time will tell. This information is for educational and entertainment purposes only--do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.