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Home Posts slw

SLW 40: Opportunity for the Skilled Trader

Bella04/18/2011Mike Bellafiore's (Bella's) Blogs6 Comments

I was walking the trading floor, making my rounds, when a trader motioned for my opinion. “Bella what do you think of SLW?” “Looks weak intraday.  Where is the next support level?” The trader searched his longer term charts and muttered,”40.” Guess where the stock was near?  40.40 but heading towards 40. I asked, “Are you going to get long … Read More

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