by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Silver Wheaton -- SLW

  • 11 Feb 2012 11:53 AM
    Message # 822658
    Bill Downey (Administrator)

    Silver Wheaton Corp -  SLW

    SLW  ---- LONG TERM BUY ZONE SUPPORT = 19.50 - 24.50
    Chart ----MEDIUM TERM BUY ZONE SUPP   = 26.50 - 30.00
    ----         INTERMEDIATE BUY ZONE SUPP  = 30.50 - 32.25

    Long Term = Up - Medium Term = Neutral - Intermediate Term = up

    "Best of the best" candidate

    Long term chart pattern impulsive looking. The 25 to 32 level offers major support. A major correction is completing. 

    3SLWWKLYFORm

    Silver Wheaton Weekly Price Chart with Channel lines of resistance and support and price points

     

     

     

    Last modified: 02 Mar 2012 5:24 PM | Customer Service (Administrator)
  • 12 Feb 2012 12:06 PM
    Reply # 823273 on 822658
    Deleted user

    Thanks Bill for taking the time to give us your SLW and FR charts. Can I ask a question regarding your chart work, GoldTrends, obviously you use trendlines for your guide trading Gold n Silver (with fantastic accuracy for support and resistance) is there a reason why you don't use RSI 5-a traders version or MACD 3,6,7 again a traders version as you know reg versions are 14 and 12,26,9 along with the WM% indicator.

    I'm sure many of your subscibers actively trade but I'm more of a swing trader so I use your top and bottom calls based on trendlines and cycles to assist with the above chart indicators I use when to enter and exit a stock like FR

    Interested to know why you've chosen trendlines 90% of the time on your charts over the above indicators.

    Always learning,

    Joe

     


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