Tuesday, May 3, 2011

Financials

 FAZ, leveraged 3X short on financials, note the date of this 60 min positive divergence-the 28th

 On the 30 min chart, again positive at the 28th

 The 10 min chart, the 28th

 XLF long financials, negative at the 28th

5 min chart negative as well.

The 28th keeps popping up. I have to consider the possibility of what's going on in silver as more then just a shakeout. What if leverage is being unwound? Why the 12% margin hike yesterday in silver when it was already hit hard overnight?

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