webmaster
17th May 2007, 08:36
Subject:Soooo Close
By: Charleston Voice
Overview: Yesterday's action in the SLV could very well have been an exhaustion bottom. Don't hold me to it as we could see some follow thru today and early next week. I feel that with yesterday's volume spike (759.4K shares) we're getting our bottoming signal. Look at those previous red vertical volume spikes for past bottoms. But, we still want to see SLV close above its 8-dma (blue line), and for added measure see the 8-dma cross over the 13-dma (red line).
Link: http://news.silverseek.com/CharlestonVoice/1179409001.php
By: Charleston Voice
Overview: Yesterday's action in the SLV could very well have been an exhaustion bottom. Don't hold me to it as we could see some follow thru today and early next week. I feel that with yesterday's volume spike (759.4K shares) we're getting our bottoming signal. Look at those previous red vertical volume spikes for past bottoms. But, we still want to see SLV close above its 8-dma (blue line), and for added measure see the 8-dma cross over the 13-dma (red line).
Link: http://news.silverseek.com/CharlestonVoice/1179409001.php