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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%4:00 PM EST
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To: maceng2 who wrote (78164)8/22/2011 12:06:22 PM
From: Hawkmoon  Read Replies (2) of 217744
 
Took profit on my SLV position just now.. Think it's getting ahead of itself after a nice week long run. 10 and 15 minute P-SARs popped into downtrend and that often suggests at least a sideways movement, or the beginning of a consolidation phase.

Could also a bit of unwinding of the USD/Crude oil arbitrage which may put upside pressure on the dramatically oversold USD.

But will be a buyer on pull backs based upon the weekly P-SAR popping to the upside.

Hawk
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