Posted by: rp on the 3rd of Jan 2012 at 12:57 pm
seems there is a lot of interest in SLV so here’s my weekly and daily SLV charts with notes, fwiw. matt, i haven’t seen any BPT SLV charts so my apologies if this duplicates what you’ve said.
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Posted by: rp on the 3rd of Jan 2012 at 01:41 pm
drmelillo- YW. one thing that i meant to add on my annotations on that SLV chart but forgot was the fact that all the key moving averages on the daily time frame are all clearly pointing lower. also, to clarify on that weekly chart, the arrows marking trend changes from down to up is triggered by the slope of the 40 week ema (same as the 200 day ema on the daily) changing between a positive or negative slope (up or down). seems to help define the primary trends with minimal whipsaws.