Friday, June 5, 2015

[USLV] update

If you want excitement and volatility, look no further than USLV.  Problem is, all of the excitement has been for shorts for a long time now.

If metals are going to bounce here (which EWI continues to maintain) then IMO USLV must must must bounce right here, right now.  As in no later than Monday AM.  This could go either way.  Either it is rounding the corner and putting in higher lows and higher highs OR that was a W3, then a-b-c into wave 4 at $24 and now working on 3 of 5 down to sub $15.

Own it above that up-sloping right hand green line and stop out below it.

Will you absolutely certainly win doing this?  Of course not.  You should not be here for absolute guarantees because only a con man will provide them.  But IMO this strategy has good odds of losing small or winning big.  What else can a gambler ask for in what is essentially a game of chance?



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