May 07, 2011: silver pauses in its downward slide

House of Joseph Banks and office of the Zoolog...

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silver finds a temporary support level after a nearly 4 sigma selloff in 5 days. the slight recovery.holding of support allowed for a reasonable intraday trade to the longside, but Monday’s trade should be especially interesting. Failure below yesterday’s low will be an autotrade in ZSL, but a breakout above today’s High will be a 551w pattern trade and/or typical  “max pain range compression”  style tarde (mprc)

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