Zeit für einen SHORT ? Das kann man charttechnisch auch anders sehen.
Tactical Silver Trends 2
Adam Hamilton, CPA
January 7, 2005
Copyright 2000 - 2005 Zeal Research (www.ZealLLC.com)
http://www.silver-investor.com/tacticalsilvertrends2_jan05.h…
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If you have been following the price action of the silver bull in the last couple years, the silver correction of the past month shouldn`t have bothered you one bit psychologically. As our first chart shows, there was nothing even remotely anomalous or unusual about the negative silver action since early December. We have seen this all before, less than a year ago in fact, and silver is just playing off of its usual volatile script. Nothing new under the sun, as the legendary King Solomon wrote in Ecclesiastes!
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In relative terms, silver fell to 0.937x its 200dma in May, 0.943x in June, 0.963x in September, and now 0.958x today in January. As you can see with the red line rendered above, silver tended to rally rather sharply once it fell 4% to 6% under its key 200-day moving average. As long as silver`s bull market remains intact as it should be for core fundamental supply and demand reasons, then today`s 0.958 rSilver reading ought to prove just as bullish and profitable as its predecessors` strong buy signals.
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While December`s correction was sharp and harsh, it was merely garden-variety typical for silver. If silver remains in a long-term bull market for fundamental supply-and-demand reasons, then there is no better time to throw long than when it falls to or under its 200dma, like today. Carpe diem silver speculators!
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/cbx/