The stock appears to be developing thrust for a move past the watershed high at 42.50 recorded in September. We’ll know it’s ready to launch if a corrective ABC reverses from a ‘p’ midpoint and SLW goes on to create a bullish impulse leg on the same chart. Two places where this could occur over the very near-term are shown in the chart: 38.53 (two cents above the current low!) or 38.42. Camouflageurs and Pivoteers are encouraged to try their skill in either spot, risking no more than a theoretical $4 per rounh lot.
