Lots of activity on Ice Cold this morning Thanks

Lots of activity on Ice Cold this morning

Thanks again for the posts guys. In penny land I am all about bottoming plays and pull backs into major support levels. I'll keep an eye on these plays.

The broader markets are going to be dead ahead of the Fed announcement of QE or not QE, then I would think there would be some big whips.

In other words, I'll be sidelined most of the day letting the big boys smash each other in the face. My SLV short idea stands though. Yesterday there was a major intraday collapse that was followed by a quick reversal to retrace most of the down move. However, when precious metals are as vertical as they are now and start whipping violently intraday, a sure sign of institutional distribution, it is a precursor to broader market violence.