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Friday, April 08, 2005 1:53:19 AM
***Oil's chart going forward...
*Pure speculation on my part. I believe it at least tests the 200 day SMA at $47, if not having a sharp shakeout below that into the lower 40's (perhaps briefly). Technically this can be easily achieved by waiting for the RSI(14) to dip under 30... also take note of the gap down there (below the 200 day SMA/under 47) according to this chart...
*Pure speculation on my part. I believe it at least tests the 200 day SMA at $47, if not having a sharp shakeout below that into the lower 40's (perhaps briefly). Technically this can be easily achieved by waiting for the RSI(14) to dip under 30... also take note of the gap down there (below the 200 day SMA/under 47) according to this chart...
HI-HO SILVER !!!
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