The stock has been a tease for so long that I thought it might be time to think about jumping back in. Alas, the first promising camo opportunity sevened out yesterday, hinting that even lower depths will be plumbed before a bottom is in. The big-picture target was 32.23 (shown in a daily chart inset: A= 40.97 on 11/9/12; B=34.78 on 11/16, C=38.42), but if you used the 3-minute pattern shown to get long via camouflage, your joy was short-lived. I am featuring this trade to demonstrate that first-chance entry signals work almost invariably when a stock is ready to turn. The implication in this case is therefore that even lower prices are coming. _______ UPDATE (1:24 p.m. EST): Speaking of SLW being a tease, the stock explosive 3% head-fake this morning, launched from the opening bar, has completely fizzled. SLW is currently trading 32.53, down 0.67 from the fleeting high.
