NYSEAM:SVLC - Post by User
Post by
investedwolfon Aug 08, 2013 8:08pm
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Post# 21658089
A couple of comments
A couple of comments
IMO todays move in silver could very well of been a pivotable move. The last time the ADX Indicator was bullish on the daily chart was August 21/2012. It turned negative on October 12/2012 and has remined in that form until today. With any kind of a move forward tommorow the ADX could well turn bullish. The other positive is for the first time since August 2011 the Stochastics have always moved to an oversold position before turning up for a bounce, yet today the Stochastics turned well above the oversold territory and immediately added 10 points to momentum. I understand many donot believe in technicals and we could wake up tommorow morning sub $20 again however these indicators have quietly moved into uncharted territory and could very well set the stage for a bullish move. Just one mans opinion.