Posted by wondernut98 on 18th of Aug 2008 at 12:31 pm
My works shows the SKF above the
150 and 200 day EMA that would mean to me the banks and brokers
have not made a bottom and uptrend in the ETF is still in place,
130 would be the place for me to enter as that would put it over
the shorter term 50 day EMA. I have to say though this one
makes such large moves you have to keep your eye on the trend and
not on the stock price.
RP is our resident SKF expert but I believe that 130 is the
breakout. Additionally, I would really like to see our 140 MA
on the 60 min hold at 123.01. Dr. O. also knows SKF so
perhaps he will share his thoughts if RP is not available.
p.
Posted by drorlando on 18th of Aug 2008 at 12:35 pm
I always plot inverse longs, much more reliable. XLF has
key support at around 20.50....when she approaches that level watch
5 minute chart for strength or weakness. To me now looks like
she will bounce.
SKF 60 Min.
Posted by Peridot on 18th of Aug 2008 at 12:09 pm
SKF 60 Min.
if this pattern confirms, would
Posted by huylam on 18th of Aug 2008 at 12:20 pm
if this pattern confirms, would the break out be 130?
thanks
SKF
Posted by wondernut98 on 18th of Aug 2008 at 12:31 pm
My works shows the SKF above the 150 and 200 day EMA that would mean to me the banks and brokers have not made a bottom and uptrend in the ETF is still in place, 130 would be the place for me to enter as that would put it over the shorter term 50 day EMA. I have to say though this one makes such large moves you have to keep your eye on the trend and not on the stock price.
RP is our resident SKF
Posted by Peridot on 18th of Aug 2008 at 12:30 pm
RP is our resident SKF expert but I believe that 130 is the breakout. Additionally, I would really like to see our 140 MA on the 60 min hold at 123.01. Dr. O. also knows SKF so perhaps he will share his thoughts if RP is not available. p.
SKF
Posted by arl3080 on 18th of Aug 2008 at 12:37 pm
Peridot----In my opinion Dr O is really the expert on SKF SRS
He has called it consistently--not to take anything away from rp
as he is an excellent trader also
Thanks...rp though is really better
Posted by drorlando on 18th of Aug 2008 at 12:46 pm
SKF
Posted by drorlando on 18th of Aug 2008 at 12:35 pm
I always plot inverse longs, much more reliable. XLF has key support at around 20.50....when she approaches that level watch 5 minute chart for strength or weakness. To me now looks like she will bounce.
Yep, only plot the 1X
Posted by matt on 18th of Aug 2008 at 12:40 pm
Yep, only plot the 1X Long funds like QQQQ, SPY, XLF instead of the ultras, works better
SKF
Posted by drorlando on 18th of Aug 2008 at 12:36 pm
XLF to 20.5 to 20.25 I should have psoted.