Posted by dallassteve on 10th of Mar 2011 at 09:52 am
I agree, saturn,
I am not shorting precious metals in this nervous market.
However, I sold my gold stocks a week ago and will wait and
see before I go long again.
I did short FCX at 52.3 on 3/1. H&S pattern looked
promising. I appreciate Matt and Steve looking at this in the
newsletters.
This was a swing trade, requiring a strong stomach.
FCX looks like a complex H&S, just now breaking below the
larger neckline. I'd like to hear what others think about
targets. One possible reading of the chart shows about 12
points, down to the 36 area.
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short FCX
$Silver... Bearish Pattern...
Posted by dallassteve on 10th of Mar 2011 at 09:52 am
I agree, saturn,
I am not shorting precious metals in this nervous market. However, I sold my gold stocks a week ago and will wait and see before I go long again.
I did short FCX at 52.3 on 3/1. H&S pattern looked promising. I appreciate Matt and Steve looking at this in the newsletters.
This was a swing trade, requiring a strong stomach.
FCX looks like a complex H&S, just now breaking below the larger neckline. I'd like to hear what others think about targets. One possible reading of the chart shows about 12 points, down to the 36 area.