Monday, June 28, 2010

TSI Trend Lines

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You can draw trend lines on the True Strength Indicator (TSI) and get a pretty decent buy or sell signal from it.
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This first chart is Stillwater Mining (SWC).  It appears, at least for this moment, that SWC is about to dodge the bullet of selling pressure and resume heading north.
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Click on the chart to ENLARGE






                                                                     
                                                               
This is Capital Gold Corp (CGC).  In this instance it is unknown whether the TSI trend line will be broken or not.  It would be better for me if the trend line held :)
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 This is Coeur D'alene Mines (CDE).  And an example of what can happen when the TSI trend line if broken.  Great sell signal if you are trading and not holding for a longer term period.
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Click on the chart to ENLARGE         












                                                              

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