HEADS UP.. SLV 2yr Chart.
From Greg M
Lions.. have a look at this chart below. This is SLV 2 year chart demonstrating that SLV at this time is 1 standard deviation away from the mean, circled.
Keep in mind that this does not guarantee a rebound, but look at the overall trend. It is certainly possible that this could drop to 1.5 to 2 SD away from the mean.
Just another heads up.
GM
I have been selling Puts on this everyday this week adding to my position. I think we have a floor here, but Ive been wrong before too. lol
Interested in what study set you're using here Greg. Based on what I can guess:
StandardDevChannel (CLOSE, 2.0, yes, 21)
StandardDevChannel (CLOSE, 1.5, yes, 21)
HullMovingAvg (CLOSE, 70, 8)
HullMovingAvg (CLOSE, 80, 8)
HullMovingAvg (CLOSE, 90, 8)
SimpleMovingAvg (CLOSE, 21, 0, no)
SimpleMovingAvg (CLOSE, 50, 0, no)
What do you call it?