Enlarge any chart by clicking on it. Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because CONFIRMATION is a MUST. In other words, you need to see a 15min candlestick that CLOSES beyond the entry point, then enter when it moves 10cents after the high/low of that candlestick.
Friday, May 27, 2011
SILVER (SLV) UPDATE (GETTING READY FOR THE NEXT LEG DOWN)
This time around, GLD (gold) will have a bigger drop than SLV (once wave 5 is completed). GLD is setting up nicely for a bearish leg. (Will post the chart when appropriate).
