Monday, May 12, 2008

Trade Alert: SLV

SLV just shot up over 171 in only a few minutes. It is dicey here, but don't panic. The stochastic in the 15 minute chart is at 100%, SLV is at the 100 dma on the daily chart, but more than that the volume is pathetic. I think its a sham, a short squeeze. Hold the position with an itchy trigger finger on the mouse.

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