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.

Tuesday, May 10, 2011

SLV (SILVER)'s RISE TODAY NOT BIG ENOUGH TO TRADE A GAP POTENTIAL TOMORROW

Today's rise is not big enough to setup a big gap down and strong move back up tomorrow, hence the reason for not making a comment as I planned to. So nothing new to post on SLV. I will just move my stop up below today's low (to avoid any surprises). Look for a comment 30-45mins before the close tomorrow if I see the setup (likely followed by a chart after the close).
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