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The New SLV Uptrend
- Thread starter cactiman
- Start date
After a 26 month Downtrend from 48.35 (04/28/11) 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%)
09/05/13 Higher Low: 22.18 (-1.29%)
Total Gain as of 09/06/13 Close = 17.75 to 22.97 = +29.41%
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%)
09/05/13 Higher Low: 22.18 (-1.29%)
Total Gain as of 09/06/13 Close = 17.75 to 22.97 = +29.41%
Attachments
After a 26 month Downtrend from 48.35 (04/28/11) 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%)
09/13/13 Higher Low: 21.44 (-10.07%)
Total Gain as of 09/13/13 Close = 17.75 to 21.42 = +20.68%
SLV has pulled back for the last 2 weeks, but the New Uptrend remains in place until 18.71 is taken out.
SLV has also stayed above its 50 day SMA, which has remained below its 20 day EMA.
Planning to "Buy The Dip" if SLV can remain above its 50 day SMA.
We'll see what happens next week.
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%)
09/13/13 Higher Low: 21.44 (-10.07%)
Total Gain as of 09/13/13 Close = 17.75 to 21.42 = +20.68%
SLV has pulled back for the last 2 weeks, but the New Uptrend remains in place until 18.71 is taken out.
SLV has also stayed above its 50 day SMA, which has remained below its 20 day EMA.
Planning to "Buy The Dip" if SLV can remain above its 50 day SMA.
We'll see what happens next week.
Attachments
Quote from cactiman:
After a 26 month Downtrend from 48.35 (04/28/11) 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%)
09/13/13 Higher Low: 21.44 (-10.07%)
Total Gain as of 09/13/13 Close = 17.75 to 21.42 = +20.68%
SLV has pulled back for the last 2 weeks, but the New Uptrend remains in place until 18.71 is taken out.
SLV has also stayed above its 50 day SMA, which has remained below its 20 day EMA.
Planning to "Buy The Dip" if SLV can remain above its 50 day SMA.
We'll see what happens next week.
I remember telling you to watch the weekly low that one time, once it was taken it tanked hard.
SLV next stop is 19.90 imo.