Thursday, July 28, 2011

Silver Wheaton (SLW) 7-28-11

Add to Technorati Favorites Subscribe in a reader Delicious Bookmark this on Delicious

Is Silver Wheaton (SLW) repeating a similar chart pattern? If so expect a 50% retracement to the $35 level then a rally to at least a retest of $40 or even higher. Longer term ITZ sees a 'Head & Shoulders' pattern developing with $30 being the neckline. Would really like to see the all-time high around $47 surpassed.

My Twitter friend Ashraf Laidi posted some very insightful silver charts yesterday Silver Lining, Debt Ceiling & Quant Easing check it out.  BNN Interview

ITZ has taken the CFTC chart and added that of Silver Wheaton (SLW).

No comments: