Wednesday, May 25, 2011 12:38:46 AM
SLW - In my biased opinion I believe going back to end of '08 beginning of '09 is enough of a trendline for "the herds" as it was the beginning of a new uptrend as well.
CCI I was referring to what seems a historical elevation of around -20 for support/resistance as shown on chart (link back if you care lol)
I will agree to disagree with you then, I see near term upside in Silver and SLW and $39 area for $Silver and $38 for SLW.
I left my MAY 10 notes on this chart as I still believe it to be oversold but was humbled two days later at the time.
We'll see what happens here on the week...........
$SILVER - Daily Candlesticks
CCI I was referring to what seems a historical elevation of around -20 for support/resistance as shown on chart (link back if you care lol)
I will agree to disagree with you then, I see near term upside in Silver and SLW and $39 area for $Silver and $38 for SLW.
I left my MAY 10 notes on this chart as I still believe it to be oversold but was humbled two days later at the time.
We'll see what happens here on the week...........
$SILVER - Daily Candlesticks
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