Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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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.
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