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.

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2 comments:

  1. Anonymous10:32 AM

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

    ReplyDelete
  2. 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.

    ReplyDelete