Frozenlock
Short

Return of the bear in SLW?

NYSE:SLW   SILVER WHEATON CORP
200 2 0
We pretty much have completed 5 waves up from my long entry at ~$20.50.

My preferred count shows the recent trend up as an ABC , which means we should start going back down again.

Of course, rather than an ABC , this could be an impulse move, leaving us with another potential move up.

Regardless, short term we probably are going down. There's a bearish divergence in the 15 min, 30 min, 45 min, hourly...

Long position closed. Might even open shorts on this one.
Short closed ~$24; there is mixed signals at this point.
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Frozenlock Frozenlock
See
Out of the market, for now.
for details.
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