Tuesday, August 9, 2011

Silver to rally?

It looks like there have been some sudden shifts in SLV.

You can clearly see a distribution period in SLV that was reversed on a deep negative divergence on a false breakout of a small double top (yellow arrow)-almost what we see every time. However, what is rare on this 60 min chart is the positive divergence formed in August. Usually 3C would be telegraphing stage 4 decline and making lower lows in confirmation with a drop in prices, instead t has gone positive in a somewhat sudden shift.


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