$SLV opened below 20 DMA This is the first open b
Post# of 474
Posted On: 10/08/2012 9:34:44 AM
$SLV opened below 20 DMA
This is the first open below the 20 DMA since August 2nd. Some people may be tempted to jump on the short side based on that alone. However, I am still cautious and need to see where it closes today and where it closes tomorrow. Last time it closed beow the 20 DMA it opened back above it the following day and never looked back. Of course that was at 26 and not up near 34, but I would rather watch and make sure this thing really wants to break the MA support than jump in and get gapped up tomorrow.
(0)
(0)