"Silverado the Phoenix Rising from the Ashes"The Golden Cross"
in response to
by
posted on
Oct 21, 2010 10:09PM
Silverado Daily Chart Link- http://www.freeimagehosting.net/uploads/95739b932b.jpg
As of today both the 50MA and the 200MA have converged and now share the same point on the daily chart @ .0049 Once the 50MA breaks above the 200MA the last "Golden Cross" will be completed to turn the Daily Chart right sideup, open for business to the professional investors who use the charts for buying and selling. $$ Ka-Ching Ka-Ching $$
Please note that the MACD (below the chart) appears to have put in a top for the divergance part of the upside down (blue) pyramid and is moving to the upside to complete the upside down part of the pyramid and as it moves upward this part of the MACD is called the convergance which should begin to form a right sideup (blue) pyramid once the black line intersects and moves above the red line.
Please also note that were the price finished at today .0046 now draw a strait line to the left and note the space between .0040 and .0046 where it intersects between the two white candle sticks on the chart, note (to the right) that the price closed 6 days in a row in this narrow area to fill the gap and appears to be moving up the chart as noted by the higher volume today.
Do you think the short sellers have something to worry about... you Betcha !! because the daily chart is on the verge of being flipped right sideup !!
BBS