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Silver Wheaton Corp. Message Board

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  • gormdd540 gormdd540 Sep 23, 2012 10:23 AM Flag

    Golden Cross-Usually technically bullish

    not impressed by MACD at this time.Could go either way.

    • for day trading,I use 5sma as my #1 Indicator.Go with it's DIRECTION,if verified by WMS%,slow stochastics ,and keeping a close eye on MOMENTUM.
      This is really a form of momentum trading, but is best system I have found after much experimentation and comparison of other indicators.Also have Bollinger Bands always on my charts.Breakout spikes are very reliable tools for buy/sell signals.Ever notice how SLW or any stock that is up good overnight,will fall off soon after the opening? Because it opened way above the Upper Bollinger Bands.
      With 1 hr. or 1 day charts ,you get more headfakes, but 5 day charts are more reliable.
      Note: anyone not liking T.A......I am not interested in your opinions.
      Other T.A. believers i am welcome to hear your opinons.

19.95+0.44(+2.26%)Dec 24 1:02 PMEST

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