Manuel Blay's  Instablog

Manuel Blay
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Trader and investor. My trading is short-term based (avg trade duration 4-5 days). As investor I'm deeply influenced by Dow Theory
My blog:
Dow Theory Investment
  • Today's Post Delayed Until Tomorrow Before The Open. Trends Unchanged  0 comments
    Dec 19, 2013 2:41 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, S

    Some 80 minutes before the close I see that GLD (gold) pierced the primary bear market lows but silver SLV refused to do so. So lower lows in gold unconfirmed by silver negate any message under the Dow Theory. To re-confirm the primary bear market signal, SLV should close below its primary bear market lows too. So far, this isn't happening.


    The Dow Theorist

    Stocks: SPY, DIA, IYT, GLD, SLV, GDX, S
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