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What does this common statement on (silverseek.com) mean?...

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What does this common statement on (silverseek.com) mean?...

Postby pennypicker » Sun Sep 23, 2012 12:02 pm

Every work day morning I go to the website silverseek.com and I read the early morning Silver Market Report. And the one phrase that appears the most often each morning is, "Silver should consolidate with a stronger bias, today in New York". I've always assumed this means silver should rise in value today but the word "consolidate" somewhat confuses me. Any help translating this phrase to us simple stackers would be appreciated. ;)
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Re: What does this common statement on (silverseek.com) mean

Postby Country » Sun Sep 23, 2012 12:25 pm

Trend Bias:

http://www.decisionpoint.com/tacourse/TrendBias.html
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Re: What does this common statement on (silverseek.com) mean

Postby pennypicker » Mon Sep 24, 2012 11:08 am

Thanks Country for the great link. I'm already learned a lot about trends and graphs. :)
"If I had to pick one player to take the last shot to win the game I would pick Michael Jordan...if I had to pick one player to take the last shot to save my life I would pick Larry Bird"--PAT RILEY, L.A. Lakers Head Coach

"I'd rather play against Michael Jordan than Larry Bird...Jordan made you look bad but Bird made you look stupid!"--JAMES WORTHLY, Laker Hall-of-Famer
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