Friday, March 28, 2008

Alert: SLV

With the stochastic in the 15 minute and daily charts rising but rolling over the SLV retracement is poised to meet it's end. It gaped down this morning making it impossible to enter so now we will take a 1/4 short position and hold it as long as the price stays under the 50 dma which is rolling over with the stochastic.

Sell short 25 shares SLV @ 177.51 stop @ 180.79

No comments: