14th June 2011–Pattern Study - Watch out for the metals!

Ticker:

 

1. SLV, GLD and ZSL

 

Topic:

 

1. Text book kind of Bearish pattern for SLV.

 

Lesson Learnt:

 

1. Does the pattern looks familiar?
2. GLD has breached the uptrend line too.
3. Daily chart of ZSL shows that 20MA and 50MA lines are merged and now the price is above both lines. A strong buy point for ZSL.

 

Intraday Chart

Historical Chart