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Monday, September 17, 2012

Wait Until the Fish Are Biting

Gunslinger traders reduce their exposure into fishing poles from a high dock (big drops) and buy the hooks when the fish (retail money) are biting at headline fear.  Position traders after buying the D-wave decline are patiently waiting for the "big green hook."  I wear both trading hats.

Chart:  Silver London P.M Fixed and the Silver Diffusion Index (DI)



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