Tuesday, October 19, 2010

Got half hour long signal on silver 23.54

Bad timing for US traders though since it is first hour almost noon of Hong Kong trading.  Here is half hour signal, the 30 minute cycle has been entered (dark gray).  Target is open to see if it can break the downtrend which started yesterday.  Silver needs to get inside the 4 hour cycle to keep moving up.  If not or if the half hour cycle signals short we get out.  My quote for spot is 23.54