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Re: starboy post# 140

Wednesday, 02/18/2009 7:26:18 AM

Wednesday, February 18, 2009 7:26:18 AM

Post# of 177
Just did a quickie 1 yr chart on silver. There'll probably be some resistance at the downtrend line(s) at $15, $16, and $17 ish, although that's the zone that silver was in free fall on the way down so there's not a lot of noise/congestion in that area to confuse things. It'll be an interesting pivot point/zone to watch.

A convincing break above that would be bullish for silver and will probably also mean that the Dow is in free fall and has broken convincingly below the current level.

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