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Message: strong uptrend for silver standard

strong uptrend for silver standard

posted on Jan 23, 2009 09:25AM

for what it's worth, this analysis shows that silver standard is in a strong uptrend.

my opinion of technical anlaysis is that is can be summed up as follows:

as long as stocks are going up, they will continue to go up until they start going down. then they will continue down until they start going up again.

needless to say, i don't find t.a. to be of much use, but here it is anyway:





SILVER STANDARD RESOURCE (NASDAQ:SSRI)

Strong Uptrend
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Based on a pre-defined weighted trend formula for chart analysis, SSRI scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Friday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending January 24th
+30 New 3 Month High in January
+100 Total Score
Open High Low SSRI Price Change
19.56 20.70 19.35 20.10 +1.02
Streaming Chart
Open High Low SSRI Price Change
19.56 20.70 19.35 20.10 +1.02
Streaming Chart
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