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Created on: 2/13/2015 11:19:57 PM Last Update: 2/13/2015 11:20:09 PM Posted by: RTT
WARNING: This entry is 2845 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
This chart shows a extreme sell down, time to watch this security daily - Update
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 Time to review an ETF that looked like a starter for 10, so far it is acting well.
Previous Post: This chart shows a extreme sell down, time to watch this security daily
Silver like gold is a currency. Has been for 2,000 years. Silver and gold have attracted attention as paper currencies are jumping up and down scaring the folk, add to this the great crude oil sell off has mostly likely completed the largest part of its fall (not saying it has bottom, just saying the fast and hard part is over). Maybe the folks are waking up to the Central Bank Play book and are seeking a hedge. (Disclosure, yip we are!)
The char below shows price has reacted to the extreme outer channel, a little short covering, sure. Now we see if the short covering rolls into more serious bullish position taking.
So far SLV is acting well against channel support.
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The SLV very long term chart...
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The less manipulated and more true stock market the Russell 2000 index is hard up against the blue solid channel upper line, the longer it takes to FAIL to break out higher the more likely it will break lower to test the bull trend story. Yet, we suspect stocks with test higher prices soon.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
.."[Point and] figure charts are more valuable than vertical [bar] charts"..
Richard D Wyckoff
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”...
Bernard Baruch
.."It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So"..
Mark Twain
.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..
Mark Twain
..."I always believe that prices move first and fundamentals come second"..
Paul Tudor Jones
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