Monday, February 2, 2009

SLV - Sold


I sold my SLV on Friday going into the close based on the SPX breaking below the Right Shoulder of its bullish Inverse H&S bottom (see that chart posted last week). Although two upside targets still are IN PLAY in the SLV, I was concerned that it might take a hit if the SPX breaks the low 800's, so I took the $2,400+ profit from my 11.53 entry.

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