"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, October 7, 2010

Bearish engulfing candle on SLV?

I rarely use candles because I am not a day trader.  I am much more interested in trends and support/resistance.  But if silver proxy SLV closes the day in this state candle gazers might let out a collective rut roh... might they not?