Wednesday, May 11, 2011

PSLV-Silver

Yesterday I talked about why there would be a need to speed up the up cycle in silver, we also noticed behavior that was out of character with the normal cycle progression, character that looked a lot like they were speeding up the completion of the accumulation, markup, distribution, decline cycle.

Today PSLV looks to have ended that particular cycle, at least from what we see at this point.

Even for a short cycle up, this is extremely short. These cycles tend to be more bell-curve shaped, yesterday looked more like a hard right angle.

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