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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.270.0%Dec 26 4:00 PM EST
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To: GROUND ZERO™ who wrote (50383)5/17/2013 11:38:47 AM
From: Machaon  Read Replies (1) of 220708
 
thanks... that rebound in silver is probably a great shorting opportunity...
Thanks for the confidence in silver! :(

Well.... while everyone else is making money, I am still chasing the silver knife. At least I was able to do another round trip in XLU.

I just picked up my third piece of SLV for $21.59; I was tempted to pick up more, but will settle for what I got and wait for a lower price. This might turn out to be a "long term" holding! :(

Believe it or not, this type of trading has worked out for me 9 out of 10 times in the past. The difference between my crazed buying on the way down, and the convention chasing the knife, is that I am not chasing an individual stock, I am chasing an entire sector, or ETF. Chasing an individual stock can turn out to be much more lethal, as I had learned a long, long time ago.

Best of trading!
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