Thursday, May 19, 2011

Hairyblack15 -20 Years

Sreberko indicate a trend begins to shine again? SP500

Not so long ago battered silver, and again begins to tighten muscles. As far as the resumption of strong growth, as far as the odreagowanie inheritance, it's hard now to prophesy, but I would like to present some of my observations that shed some light on this issue, in terms of technical analysis.

Even the strongest declines ever end. Looking at the silver, the first large wave odreagowanie relegation from the top, ended up equally of 38.2% elimination fibo this wave. Then there was another "descent" of silver, which reckoned the new minimums. Since then, the adjustment of this second wave has reached the vicinity of 50% abolish fibo. It is undeniably a barrier, but in my opinion, if you want to think short term sterling silver with increases should show strength as a breakthrough last summit (36.46), which will probably be the consequence of simultaneously testing the 61.8% fibo abolition of the second wave of decline. The first major step has already been made - was defeated downtrend line. Rozrysować can also be a short line upward trend.

silver Personally I am not "packed", but with immense curiosity of watching his quotes, and read blogs promoting this investment - inspiring reading ... "Silver's Heroes" ;-)

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