iShares Silver Trust (SLV)

[RonnieD]

sure, I understand that approach and have done it in the past
but it doesn't help the trader... as much as you may want 19.00
to fall, I want it to hold. If 18.75 close under I may liquidate
at a loss then seek re-entry in the 17's. There is a massive
trendline at 17.50 - but I'd rather see that remain untested
and the December 2013 lows hold as support, which they have
done, and did today, but we're really cutting it close here.
Charts are baloney. The problem is that 90%+ of traders believe
them, and many only use charts and nothing else to make decisions,
so they become a self-fulfilling prophecy.