Re: "THE GOLDEN CROSS" a Major Event that is about to Happen!!
in response to
by
posted on
Sep 18, 2012 11:20AM
The Silverado chart is developing nicely I thought I should bring you up todate, as to what the chart is showing. So far, the 20 DMA line has surved well as the new price support line, the current Fibonacci retracement has constuctively filled the gap from the recent run-up to .0036, the 'Relative Strength Indicator' (RSI) is now sitting @ 58.49, well below the 70-90 over bought territory, the stock is now posied to continue the steady trend upward that started back @ .0008, time will tell, if this posiitve trend continues, lets see how the two market forces playout, between the buyers and the short sellers.
See chart, the 50 DMA has edged further north of the 200 DMA line, not enough to officially signal the second "Golden Cross", they still share the same point .0017, this major event could happen sometime this week, at the earliest, tomorrow, Wednesday!!
Good Luck to all the longs !!
See current Silverado 'Daily' chart below, constructed this morning during trading hours.
use scroll bar at bottom to view full chart
I told this board several years ago, I am not an expert, but I do understand the basic TA for reading a chart, and I am happy to pass this knowledge onto those who don't understand and want to learn, once you understand how to read a chart, you will see through the smoke and mirror that the short sellers post on other boards