Silver - Step One Completed

Rocket Launch

Our readtheticker.com RTTSteps indicator shows when a symbol may be getting wider support from the composite man!Lift off!

With silver (SLV etf) you can see STEP 1 looks like a successful build, rally in to start the build of the step, a correction that did not break the step, this means price is supported by the wider market.

This is one to watch as steps build higher.

Silver Trust Daily Chart

Why, well consider this bubble warning fro Mike Maloney

Investing Quote...

"The average chart reader is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to it's logical limit he is bound to go broke." ~ Jesse Livermore

"The first rule is not to lose. The second rule is not to forget the first rule." ~ Warren Buffett

"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton

"It is much harder to sell stocks correctly than to buy them correctly." Because of the emotional aspect of trading, if a "stock went up, the average investor would hold because he wants more gains - he's exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even - he's hoping against hope." ~ Bernard Baruch

"Money can't buy you happiness but it does bring you a more pleasant form of misery." ~ Spike Milligan

 

 

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