Wednesday, August 4, 2010

BUY ZSL - $31.60

*
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.
*
But it is a bull market and if I misjudged it could be painful. LOL
*
Click on the chart to ENLARGE

3 comments:

  1. What will be your exit price?

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

    ReplyDelete