Monday, February 28, 2011

The latest Silver Salvo

Rack one up for the shiny silver bugs....

 SLV at a new recovery high

1 in 3C hasn't confirmed, but 5 min is in line. We'll see if it holds. I the meantime, I'm going to look at JPM.

By the way, that's what short covering looks like-no pullbacks, except it usually lasts a lot longer. We still need to see a close at the new high to confirm. Remember, I'm not taking a side on this trade yet, just watching for the opportunity for a high probability set up in either direction.

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