timwest

SLV down nearly 10% and near support.... cover

AMEX:SLV   iShares Silver Trust
3
Silver is down from last week's sell signal (going under $33). This is a decent place to cover, especially ahead of any news coming out of the Deficit Cutting Committee AND ahead of Thanksgiving. This is a decent profit for a short period of time and many other, more vulnerable charts are breaking, like AMZN and AAPL , that are more interesting to me. This is worth covering here, in my opinion. Sometimes charts tell a story all by themselves and sometimes it is critical to see how a stock performs RELATIVE TO something else, like expectations, competitors, and news.

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