timwest
Long

Silver Trust Ishares -SLV -Daily - Time at Mode -Uptrend Started

AMEX:SLV   ISHARES SILVER TRUST
416 1 8
Silver             has been in a long, bear market decline and having 7-days at every level on the way down... and then recently having only 5-days at each level before pushing a new low.

This current rally is the best one in awhile and it is barely off of the floor here. The 16.60 level has 6-days and the close is above that 16.60 level, which is suggesting that there is a chance for some upside to the $17.50 level.

The way to confirm this advance is to have tomorrow entirely above $16.60. Then we'd have 6-days to reach $17.50 to confirm this uptrend.

Tim 16.73 last 4:48PM EST 10/13/2014
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thanks timwest for this post its very informative
+1 Reply
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