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Tuesday, May 31, 2011

For All You Silver Traders Out There!

Here is a look at the daily SLV chart...... it is setting up another classic short pattern.  I know that I have the Momentum Change indicators with a Buy signal... but this pattern has a strong track record of being a good place to enter short trades.

Not saying that is my recommendation.. just that if you own it you should have very tight stop loss orders entered, and if you are so inclined, it would be a good place to enter a short position with very tight stop loss orders entered.

Click to Enlarge


Just Say'n!  Be Careful.

Best To Your Trading!

Bill

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