Posted by dodgerdog on 28th of Aug 2008 at 02:47 pm
UYG looks much better to me - stochastics turning up from below
20 on the daily. Depends on your time frame but I wouldn't
touch SKF for anyting but a scalp now.
Posted by pthoreson on 28th of Aug 2008 at 02:45 pm
I just posted two charts on SKF. To me it looks like it wants to
test support at 118 again. Might get a bounce there, but this rally
is much stronger than I would have thought given the volume the
past few days. You could play a bounce at 118 with limit orders
just above that level and a stop just below.
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SKF an buy or not?
Posted by sbadri on 28th of Aug 2008 at 02:37 pm
Please share your comments
UYG looks much better to
Posted by dodgerdog on 28th of Aug 2008 at 02:47 pm
UYG looks much better to me - stochastics turning up from below 20 on the daily. Depends on your time frame but I wouldn't touch SKF for anyting but a scalp now.
SKF
Posted by pthoreson on 28th of Aug 2008 at 02:58 pm
I have to agree. Support was broken. Now 117.50 then 114.75. Ouch.
SKF support actually 115.28. Will
Posted by pthoreson on 28th of Aug 2008 at 03:55 pm
SKF support actually 115.28. Will be saved that test by the bell today.
XLF does have intraday resistance
Posted by dodgerdog on 28th of Aug 2008 at 03:06 pm
XLF does have intraday resistance at 21.28 from 10 minute point and figure.
I see + div on
Posted by sbadri on 28th of Aug 2008 at 02:57 pm
I see + div on SKF (5min and 15 min). Would it work out?
SKF
Posted by pthoreson on 28th of Aug 2008 at 02:45 pm
I just posted two charts on SKF. To me it looks like it wants to test support at 118 again. Might get a bounce there, but this rally is much stronger than I would have thought given the volume the past few days. You could play a bounce at 118 with limit orders just above that level and a stop just below.