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Have you made a trading decision for SLV based on that? Are you Long, Short, or just Watching?

You got that right! Was 06/27/13 such a point for SLV? Some say yes, and some say no...

Speaking of time frames: Many believe Gold and Silver have been in a Secular Bull Market (17+ years) since 2003, and the last 2 years have just been a Cyclical Bear Market within this longer term Secular Bull Market. Some extreme Precious Metal Bulls even talk of one day seeing $12,000 Gold...

The 25 level looking pretty important. It's been a Major Support Level since December 2011 (now Major Resistance), and the 200 day (40 week) Moving Average is there to be crossed, if SLV can keep rising. :cool:

Angled Trend Lines give yet another perspective! Cool. :)

Yes, weekly charts give a different perspective. Though I'd call 23.70 the next Lower High on that chart, and we just went a bit above it this week to 23.84. When do you think the Downtrend from 48.35 will be broken? At 25.18? At 31.42? Still, I don't think SLV will ever go below...

Interesting. So you think the Long Term Downtrend is still in place, and SLV will eventually hit new lows beneath 17.75? To my way of thinking, once SLV went above the previous Downtrend's Lower High of 19.89, the Downtrend was broken. 17.75 and 18.71 then became the Low and Higher Low of a...

I bought SLV 100 JAN 2015 17 CALL @4.24 LMT when SLV was at 19.27. My research suggests SLV could go to new all time highs, even up to 3 figures eventually. Tight stops in an erratic mover like SLV could result in lots of whipsaws. So I'll try to hold for longer term gains, adding to the...

After a 26 month Downtrend from 48.35 (04/28/13) to 17.75 (06/27/13), a New SLV Uptrend has been established: 06/27/13 Low: 17.75 07/22/13 High: 19.89 (+12.06%) 07/31/13 Higher Low: 18.71 (-5.93%) 08/27/13 Higher High: 23.84 (+27.42%) 08/30/13 Higher Low??: 22.55 (-1.29%)...

[Update] SPY (November 16, 2012 - August 28, 2013) Uptrend: 23 day Rally: 132.46 to 143.16 = +8.08% 8 day Pullback: 143.16 to 138.19 = -3.47% 34 day Rally: 138.19 to 151.80 = +9.85% 6 day Pullback: 151.80 to 147.29 = -2.97% 32 day Rally: 147.29 to 158.87 = +7.86% 6 day Pullback...

"Heads": 164.19 is the New Higher Low in an Uptrend which will then go to a New High above 170.97. "Tails": SPY will fall back beneath the 50 day SMA, and then continue its descent below 164.19. I'm calling "Tails", so will hold on to my SPY October 164 PUT. :eek:

04/28/11 - 06/27/13: SLV 26 month Downtrend from 48.35 to 17.75 06/27/13 - 08/09/13: 17.75 to 19.89 Trading Range 08/12/13: Gap-up Breakout into 19.90 - 23.70 Overhead Resistance Zone 08/23/13: SLV hits 2 month New Uptrend High of 23.25

AUY (June 26, 2013 - August 23, 2013) Uptrend: 19 day Rally: 8.55 Low to 11.45 High = +33.92% 12 day Pullback: 11.45 High to 8.91 Higher Low = -22.18% 13 day Rally: 8.91 Higher Low to 12.13 Higher High = +36.14%

SLV held steady today, while $USD went up and $SPX went down. All Bullish Signs for the Precious Metals. Next important Resistance for SLV to break thru is at 23.70. Then there's a gap up to 25+. :cool:

[Update] SPY (November 16, 2012 - August 19, 2013) Uptrend: 23 day Rally: 132.46 to 143.16 = +8.08% 8 day Pullback: 143.16 to 138.19 = -3.47% 34 day Rally: 138.19 to 151.80 = +9.85% 6 day Pullback: 151.80 to 147.29 = -2.97% 32 day Rally: 147.29 to 158.87 = +7.86% 6 day Pullback...

I get you now. A trader is in the red for a while and then sells at break even, only to watch the trade go into profit without him on board. Not fun!

Market has no idea if his position is at BE or not (Of course) But he knows (I would assume so) Whether knowing is good or not is debatable (How can it be bad to know your average price??)

Probably at break even or better by now. Enjoy the rest of the ride! :cool:

[Update] SPY (November 16, 2012 - August 16, 2013) Uptrend: 23 day Rally: 132.46 to 143.16 = +8.08% 8 day Pullback: 143.16 to 138.19 = -3.47% 34 day Rally: 138.19 to 151.80 = +9.85% 6 day Pullback: 151.80 to 147.29 = -2.97% 32 day Rally: 147.29 to 158.87 = +7.86% 6 day Pullback...

The $SPX closed below its 50 day SMA on High Volume, on a Friday... :eek: