Not much into precious metals (except for making Birthday presents to all relatives and friend in American Silver Eagles – they call me crazy behind my back), but /SI (ETF SLV) looks suspiciously good on the long side.
Following up on post as of August 11th
http://trading-to-win.blogspot.com/2010/08/pardon-mynat-gas-bad-taste.html
Nat gas did go to 133 line, we'll see what happens next. I added up another ugly channel (descending from the far left of the chart – why I did that – have no idea, but looks pretty)
As for broader market – I have no opinion now, I am in the watch mode, that short prediction around August 6th Time Series was the last high probability trade. I am not messing with trades based on daily chart for now.
