There is no way to spin this as bullish unless you are a silver bull bottom feeder/true believer (as I am w/ the gold stocks for example). I would love to buy back SLW, but not until this is resolved.
It can rebound from deeply over sold levels, but at any such time as it would hold below that neck line, SLW is in serious danger. Maybe I am thick, because I still do not get the supposedly compelling silver story. If the Fed is setting up the next round however, silver would get in gear once again, pronto.
But until such time, this chart projects to under 15 *IF* the neck line is lost.
http://www.biiwii.blogspot.com
http://www.biiwii.com
It can rebound from deeply over sold levels, but at any such time as it would hold below that neck line, SLW is in serious danger. Maybe I am thick, because I still do not get the supposedly compelling silver story. If the Fed is setting up the next round however, silver would get in gear once again, pronto.
But until such time, this chart projects to under 15 *IF* the neck line is lost.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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