+368 SLW @8.15851

[][]Chart of YI [][] Entered +368 SLW @ 8.15851. SLW closed at \$7.95 yesterday and touched \$7.60 overnight. 52 wk low is \$7.75. The bounce today is in light of silver setting 52 wk low just above \$11. Gold is at new low of \$777 too. Precious metal being pounded despite recent turnmoil (i.e. the Mae/Mac bailout). SLW seems to be hitting resistance at \$8. There's also been 2 down, uncovered gaps in past 2 weeks. Fee = \$5.52 Targets: Time frame, at least 3 months. Price, new highs above \$18 Stop, closing below \$8 for 3 consecutive days. Closed position for 10.9% gain.

[]: http://4.bp.blogspot.com/_Vlx60iTPx5s/SMfbyYRdSkI/AAAAAAAAASM/-zxkj4LchRg/s1600-h/slw20080910.jpg []: http://2.bp.blogspot.com/_Vlx60iTPx5s/SMfcTtfSYmI/AAAAAAAAASU/zTfNHUri8go/s1600-h/YI20080910.jpg