Saturday, November 14, 2009

SLV update

This is what my chart looks like, although I have my money invested in ZSL which is 2 times silver short. This is silver long. We had an interesting week, we kept on getting gapped up. The volume remains low. Anyway we if look at the chart, since we made our investment, it popped up to 17.41, made a double flat top, came down a little and make a lower high at 17.16. It may be slow, and we didnt get our money but the stars are aligning. Im going to hold my position.

Ps I had a good feeling earlier in the week and readjust my stop to 4.45. I didnt want all that gapping to stop me out.

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