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To: Jack of All Trades who wrote (190382)5/5/2011 10:01:03 AM
From: 2MAR$  Read Replies (1) | Respond to of 209892
 
Well , tried an add on the SLV on the open ,just thinking a little tech bounce for SLV/$Silver comes in here ...


thinking SLV should have support right here as mentioned $36.65 area where it opened or real good support
$35.75 ...maybe .






To: Jack of All Trades who wrote (190382)5/5/2011 10:07:47 AM
From: 2MAR$  Respond to of 209892
 
RIG was down $2 now almost green...just an aside have been stalking RIG on this latest march down and this am they reported really weak earnings /higher costs etc .

But went contrarian & bought the low in premarket off $66.50 for the technical bounce off what represented a very oversold double bottom of sorts on the Daily here ...

(you'll see a comparable chart for NVLS which i alerted Robert too over on the Semi thread just the other day ..its bounced nicely too off the oversold @ $30.50 area )

They bounce these alot too right off
Nov low congestion @ $66, almost perfect round trip




To: Jack of All Trades who wrote (190382)5/5/2011 10:28:27 AM
From: 2MAR$  Respond to of 209892
 
well you were right, my trade on the SLV was a little bit of a " bow wow" but didn't lose much ...now to look at $35.75 but hardly trade the SLV much . ...edit: here it comes !

Will let you guys carry on , but one more

NVLS

What did good like RIG today was NVLS almost doing $36 here ... alerted these guys (in real time) when NVLS was hitting that $30.37 pivot low on Tuesday's unhappy market
Message 27351936

Don't always short overbought double tops but also look for nice sweet oversold double bottoms ...was looking very oversold then , now hitting resistance above at the 50ma, stopped there




To: Jack of All Trades who wrote (190382)5/5/2011 3:10:16 PM
From: John Doyle  Read Replies (3) | Respond to of 209892
 
I think it's there now. SLV. Any EW or TA on this one?



To: Jack of All Trades who wrote (190382)5/5/2011 3:14:33 PM
From: No Mo Mo  Read Replies (1) | Respond to of 209892
 
Did you think it would get there today?