The New SLV Uptrend

Don't worry about making wrong decisions on ET.
No one knows our real identities...

 

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%

 

SLV currently has solid Support at 22+.
The next Major Resistance Level begins at 25.17...

 

Typo:
23.84 to 22.18 = -6.96% (not -1.29%)

 

Kitco Silver Page:

http://www.kitcosilver.com/

 

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.

 

So when would you have bought SLV, and when would you have sold it?

 

Assuming I did not short it.

Like this.

 

SLV next stop is 19.90 imo.