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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (78309)	8/23/2011 12:39:56 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 217742

TSX (XGD) global gold index puking now... sitting on toe 200 DMA on the 10 minute chart...

To: 2MAR$ who wrote (78309)	8/23/2011 1:03:42 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 217742

*you guys did well taking profs yesterday on the PM's ;o)* Thanks!! Really like using PSARs in my trading.. They've proven invaluable in the past. I run them all the way from the weekly to the 30 second, trying to pick my entry and exit points. SLV still has that weekly PSAR uptrend and that is usually a powerful indicator of further upside. But when a PSAR flips.. it usually consolidates in the opposite direction for a period of time before the next thrust. Banked some nice coin trading TNA today, but sold far too early. Should re-enter in a smaller position overnight, but I'm just so leery of "event risk" that I'm content to just make "rent money" on a daily basis so I can sleep easy. We're definitely due for a relief rally and it appears we're seeing the start of that today. I see a target of $120 on the SPY before resistance sets in.. As for SLV, I see a retest of $40 and change coming.. But if it can hold this level, it could result in a nice bounce.. I think any move to the $40 level on SLV will be VERY quick and bounce. If you don't use PSARs, you should start studying how they impact trading.. Hawk