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Allan Harris
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Developer, Chief Strategist and Head Writer of AllanTrends.com, a trading service based upon a proprietary algorithm that identifies the dominant trend of any stock, index or ETF.
My company:
AllanTrends
My blog:
AllanTrends.com
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  • Quantum Profit
    , contributor
    Comments (589) | Send Message
     
    Allan AGQ is an exciting product. I think it would of been great early February until last Friday as I am under the impression that Silver is showing signs of being overbought and having weaker volume and that new Down trend for Silver starts today Feb 24th for awhile so tread with caution.
    Caveat Emptor…Buyer Beware!
    24 Feb, 08:17 AM Reply Like
  • Allan Harris
    , contributor
    Comments (133) | Send Message
     
    Author’s reply » QP,

     

    So long as AGQ is above it's trend-reversal line, it is a buy. More importantly, SLV is also above it's trend-reversal line and therefore silver is long. I trade AGQ as a surrogate for SLV signals, thus it would take SLV breaking down through it's trend line for me to reverse short AGQ.

     

    In other words, with credit deserved to Johnny Cash, "I trade the line."

     

    A
    24 Feb, 09:33 AM Reply Like
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