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Silver Wheaton Corp. Message Board

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  • nighttrader09 nighttrader09 Sep 3, 2009 11:26 PM Flag

    Nice: I am starting to feel bad.

    My plan is to hold all of my margin-bought and mid-term SLWs till possibly end of Sept.

    I sense that SLW's upward momentum of this leg has only just started, despite the concerns of the readings in the RSI and BB.

    There is no doubt that there will be pull backs in this leg up, but I always found it difficult to catch back your original volume sold. My personal experience says it is better that I stay with the flow and accept the ripples as it comes along, then try to be smart to day-trade my mid-term holdings.

    Because overnight jump in prices are significant in a breakout, it is always difficult to get back at good prices what you sold a day earlier. I may day-trade but these are for small pocket money.

    Have a read of this article that says that silver price has just clearly broken out of its pennant pause pattern to $16 and that we should be looking at around $18 soon, real soon.

    I think the movement upwards will be short and fast. I know from experience that I ain't good enough to try and play the day trader game and will only end up playing catch up later.

    I'm staying with the flow.

    Best to All

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