Wednesday, September 28, 2011

Another Interpretation on Silver Price/Form

Click on Chart to Enlarge

See the chart for notes on SLV. Because the expected time of wave C to end is upcoming in a couple weeks, and the decline has been dramatic, I think it best to place exit orders for SLV, and then see what the next rally looks like with the expectation of re-entering short at higher prices.

Place GTC "buy limit" orders to cover/exit the SLV short trade at 26.00.

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