Looking for Short Squeeze in Silver

Dec 11

by Mike Paulenoff, Thu December 11th, 2008

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Looking for Short Squeeze in Silver
By Mike Paulenoff, www.MPTrader.com

My pattern work in the SLV (iShares Silver, ETF) points to a "squeeze" of the shorts above Oct-Dec. resistance clustered between 10.50 and 10.65, which should occur in the upcoming hours... and which should trigger upside acceleration towards 12.50. No chart at this time.

Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!

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