Friday, May 29, 2009

Silver - update


Just after Friday's open, SLV is bumping up against the two channel tops shown above. There's a divergence on the stochastic in addition to it's overbought look. This is one of those instances where buying higher is the better strategy.

A

2 comments:

Anonymous said...

Allan, I went short on XLF and long on SDS. Did I leave the heard too soon? Baaaaaaaa.

PENN STATE Eric said...

Allan:

StreetInsider did a nice write up on your Reds not selling out their tickets for the finals in Detroit. Cup tickets still available, if you've got the time. Not a chance in hell you'll find them in Pittsburgh.