I see this same broken horizontal line on the live spot 24 hour silver chart on Silverseek.com. Could someone please tell me what this line represents. Is it perhaps a pivot point or a weekly moving average? I'm trying to learn the "game" so I can be a better spotter of trends. Thanks for any help, Don.
What does this broken horizontal line represent?
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What does this broken horizontal line represent?
by pennypicker » Fri Jan 03, 2014 11:55 am
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"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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Re: What does this broken horizontal line represent?
by beauanderos » Fri Jan 03, 2014 12:31 pm
pretty sure that's the closing price from the day before
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Re: What does this broken horizontal line represent?
by pennypicker » Fri Jan 03, 2014 2:25 pm
beauanderos wrote:pretty sure that's the closing price from the day before
Silver closed yesterday at $19.97 in New York so I would say you are right on. Thank you Sir.
"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
"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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Re: What does this broken horizontal line represent?
by Recyclersteve » Sun Jan 05, 2014 2:55 am
I agree. It is DEFINITELY the prior day's close. The tricky part is trying to figure out what time that close occurred. This is because the New York Stock Exchange closes at 4pm EST, however London is where metals prices are really determined so are they using the London PM Fix which occurs much earlier in the day or using the close on the NYSE at 4pm? I'd be curious if someone else could weigh in on this...
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NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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