The on-balance volume (OBV) has major resistance at its WMA and the downtrend, line a.
Now that the downtrend has been established, buyers have been scarce and unable to meet supply.
Dividend Payment Downtrend by Addison Wiggin originally appeared in the Daily Reckoning.
However, silver prices are still in a seven-month-old downtrend on the daily bar chart.
Prices are still in a two-month-old downtrend on the daily bar chart, but now just barely.
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Prices are in a 10-week-old downtrend on the daily bar chart, but now just barely.
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March Comex silver futures prices are in a 10-week-old downtrend on the daily bar chart.
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The daily chart shows several continuation patterns (dotted lines) that were brief interruptions in the downtrend.
It also broke downtrend and seems back in the game for the 4th quarter.
The OBV is in a well-established downtrend, line e, and continues to make lower lows.
The DMK tested its downtrend (line a) in August and had a sharp, three-week pullback.
The breakout was confirmed by the relative performance as it overcame the weekly downtrend, line h.
The weekly relative performance broke its downtrend (line b) in the middle of December.
The RS line has continued to rise sharply after breaking its downtrend, line e, in December.
The long-term downtrend in relative performance (line f), was overcome the week ending December 22.
The relative performance has moved above its WMA and is testing its downtrend, line c.
The daily chart of AAPL shows that the daily downtrend, line e, was overcome this week.
However, prices are still in a gentle, five-week-old downtrend on the daily bar chart.
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But a long downtrend into 2010 isn't inevitable, even assuming a systematic lurch to bigger government.
Prices are still in a four-week-old downtrend on the daily bar chart, but now just barely.
The weekly relative performance bottomed out in February as the downtrend, line c, was broken.
The Shanghai Composite is still in a clear downtrend after breaking monthly support last June.
However, at present prices are still in a six-week-old downtrend on the daily bar chart.
December silver futures still see a four-week-old downtrend in place on the daily bar chart.
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The weekly chart shows that the long-term downtrend, line a, was overcome in early November.
The weekly chart shows that NUE broke through a major downtrend, line a, in late December.
Technically, April gold futures prices are still in a six-week-old downtrend on the daily bar chart.
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However, from where I sit, it appears that there is a downtrend taking shape.
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The weekly on-balance volume (OBV) broke through its short-term downtrend, line b, ahead of prices.
March silver futures prices are in a six-week-old downtrend on the daily bar chart.
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