Wednesday, August 4, 2010

BUY ZSL - $31.60

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This trade is playing it right on the line, technically, and based on a hunch.  This is ProShares Ultrashort Silver (ZSL).  My hunch is that silver is going to roll over based on my indicators - divergences that suggest this surge is going to run out of steam later today.
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But it is a bull market and if I misjudged it could be painful. LOL
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Click on the chart to ENLARGE
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3 comments:

  1. FungAugust 4, 2010 at 9:31 AM

    What will be your exit price?

    ReplyDelete
  2. FungAugust 4, 2010 at 9:32 AM

    What is your exit price?

    ReplyDelete
  3. John TownsendAugust 4, 2010 at 9:45 AM

    I just sold - but I have to go do something else - so did not want to hold. $32.20

    ReplyDelete

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