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GS Silver Bullion Oct 20 2009
Written by Stewart Thomson
Tuesday, 20 October 2009 08:29
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Here is the silver chart, courtesy of Golden Surveyor Rick.  What a GREAT chart he's done.  He shows price taking out a 3rd fan line (bullish action) and bumping into the black supply line right now, with the indicators in bull mode.  One would be taking profit into the supply line, into simple price strength, and on the high levels of the indicators.  Booking SOME profit is NOT top calling.  This is a very bullish chart.  Charts tend to look bearish AFTER price has melted away and your trading profits are GONE.  

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Last Updated ( Tuesday, 20 October 2009 08:46 )