…and then runs away as fast as he can!
Sometimes I think that I'm a glutton for punishment. I've been punched in the balls, subject to countless atomic-wedgies and have been shoved in so many lockers throughout my childhood; maybe I'm just numb to the pain. That's probably why I shorted silver again around noon EST on Wednesday after closing my mauled position on Tuesday.
I brought my Sais with me and my friend Elliott had my back, so it's not like I'm totally gambling here. For those that use EW, you might be able to see a nice 5 waves up from 11/13/09 around 10:00 to 11/18/09 around 10:00 on the hourly chart. We hit the top of my bullish Sai, time for the sucker punch with a tight stop. Then we have a nice little 5 waves down which could be an A, then nice spike up could be a B, I could see more downside today which may be a C towards the median line (or maybe something more sinister, best to keep some charts private). I don't really trust my larger EW count (he's a good friend, but has really let me down the past several months…) Who knows with this crazy metal/market that Is why I exited the position Thursday around 11:30. I also do not know if my bearish death Sai is strong enough to kill Silver, could see another gap up over it.
I took vengeance on it like I do most of the bullies in my life, a swift punch to the back of the head while they are not looking or hard kick to the groin, then run away like a frightened school-girl. I dumped this position fast before any sort of retaliation or skin break out could occur.
Honestly, I really want to stop playing with silver and SLV. This time around I used ZSL (talk about another widow maker). My Sensei Chen NEVER fools around with such low volume ETFs or stocks, and warns me about messing with them, "Too easily manipulated, Nathanielson."
