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.
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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.