20 DMA so far holding

    UYG quick bounce

    Posted by Peridot on 28th of Jul 2008 at 02:39 pm

    20 DMA so far holding on UYG at 19.42.  I've got a little.  p.

    UYG

    Posted by bob52 on 28th of Jul 2008 at 03:02 pm

    Seemed to bounce and had some support just below $19.20.

    sticking the toe in UYG

    Posted by dylan398 on 28th of Jul 2008 at 03:12 pm

    sticking the toe in UYG @ 19.20

    uyg

    Posted by bob52 on 28th of Jul 2008 at 03:23 pm

    Make sure and have a tight stop in there at $19 or a little less.  This ran up in 1 week from 14 almost to 25, and I can see it pulling back to 18 or even slightly under that.

    I bought a piece.......with these

    Posted by dylan398 on 28th of Jul 2008 at 03:43 pm

    I bought a piece.......with these ultra etf's I never buy all at once....averaging in.

    but thanks

    Bob, I'm also watching the

    Posted by Peridot on 28th of Jul 2008 at 03:11 pm

    Bob, I'm also watching the support level Dodger gave us in the weekend newsletter at 19.98 on XLF.  UYG's chart is almost identical.  We'll see.  p.

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