Thursday, November 18, 2010

Alert: SLV

As long as the SLV stays above $26 and I am compelled to be long. The lines in the daily chart above shows the gap above $24 has been filled, and that $24 is acting as support, but it's the stochastics turning up from the oversold range that cinches it for me. Is this the beginning of the new run up? I really don't think so, but what I think does not matter, as always, the market is my master. We will go to easy here and take a quarter position.

By 25 shares of SLV at $26.32.

Stop $23.12.

No comments: