Sunday, January 28, 2007

The DJIA Weekly Chart - Is the Rally OVER?

Looking at the weekly chart of the Down Jones Industrial Average it appears that the DOW 30 is ready to take a breather at the least. The DJIA has broken down from its up channel and may be ready to break down from a bearish rising wedge.
The MACD looks like it is rolling over and ready to crossover. The RSI is in overbought territory and has been for a while. The DJIA has been the major market barrometer for the mainstream media and commonfolk. It is what most mainstream media outlets use to confirm the bull market in stocks.
The DJIA has shown incredible resilience for several years now and seems to defy gravity. How long can this last? Maybe forever!
Dare I say, look out below?
Probably not, but it looks like it.

Monday, January 22, 2007

Sterling Mining (SRLM) Weekly Chart

This is an updated weekly chart of Sterling Mining Company. Sterling Mining Company owns the famous Sunshine Mine in the Silver Valley.

Sunday, January 21, 2007

Weekly Charts of the DJIA and VIX

The DOW has been way up while the VIX has stayed low. A reversal looks imminent in the weekly charts.

Saturday, January 20, 2007


This is an updated weekly chart of CALVF. The tag CALVF has all Caledonia Mining posts.

Caledonia has been extremely weak for a long time. It continues lower for now.

I own shares of CALVF.

Tuesday, January 9, 2007

Is Silver Getting Ready To Drop In Price?

With all of the bearish precious metals analysts out there recently, I decided to take a look at the chart of Silver. Silver broke out of a symmetrical triangle in November of 2006. Since then it has fallen back down toward its rising trend line where it looks to be testing support slightly above $12.00. Now take a look at the lower chart indicator. I have circled where it has been in a historical buy zone. It is there again right now. So, while all I can find are prognostications of a collapse in commodities and precious metals, it would appear that we are at an ideal buy zone for silver.