Re: The Major Event has Arrived the Second "GOLDEN CROSS"
in response to
by
posted on
Sep 19, 2012 09:20PM
GRIM REAPER'S own 'DD' interpretation of "The Short & Distort"
Small time shorts working in pacs can easly take down an exlporation mining company, they are most vulnerable when seeking private capital to finance start-up operations, this is when the shorts move in and painting the chart ugly, turning the chart up-side-down. So with any Company PR, all the shorts would have to do is wait, til the volume dries-up, and then they launch their attack, working in a pac to drive the price down, laughing the whole time, while they take the money away from the longs, how can it be so easy for the shorts to do this? well, they know that no really big professional stock investors are willing to take the risk to buy and hold such a stock, making the Longs easy prey for the shorts. Have you ever notice the fact, that the shorts who claim to be the GOOD GUYS, to protect the innocent investors, have never-ever once posted on the boards to inform the investors of the fact, that the chart has been destroyed and is technically up-side-down? NO, why? because the longs who do not understand the basics of how to read a chart, are their primary target, to fleece them of their investment, so, to hide their evil deeds, they instead, blame the sell off on a company "Pump and dump." For over three years, the Silverado chart was up-side-down, not any more!! The stock price has been steadily climbing ever since the low of .0008
The Second "Golden Cross"
Today, we wittnessed a major event for Silverado, the 'Daily' chart is now turned right-side-up!! The Longs have taken the chart away from the shorts, making it more difficult for them to paint the chart. With a positive technical chart, the trading dynamics will be much better for Silverado going forward.
With today's close, it appears that the consolidation period is over for this most recent Fibonacci Retracement. The price advanced higher from .0029 to close @ .0032
I want all of you to see today's closing chart that I constructed this evening. You will notice where the 20-50-200 (DMA) are now located
20 (DMA) line @ .0026
50 (DMA) line @ .0018
200 (DMA) line @ .0017
The 20 (DMA) is still holding up well as the new floor, support level
A slow steady climb in share price will build a solid chart, while squeezing the short sellers.
use scroll bar below to view chart