Posted by canadianguy on 19th of Feb 2009 at 11:02 pm
well i looked back at the october lows and in october the xlf
hit 12ish while the 50sma was over 20. That was 40% below the
50sma. The November low was 50 sma of 16 and the XLF was at 9 so
again 45% below. Right now I have the 50sma at 11ish so 55-60% of
that brings XLF to 6ish. That would bring UYG to 40% lower from
here, about $1.40.
Who knows if it gets there but if it does I think it would
warrant a good speculation with the expectation of 50% or more in a
couple of days..
well i looked back at
uyg
Posted by canadianguy on 19th of Feb 2009 at 11:02 pm
well i looked back at the october lows and in october the xlf hit 12ish while the 50sma was over 20. That was 40% below the 50sma. The November low was 50 sma of 16 and the XLF was at 9 so again 45% below. Right now I have the 50sma at 11ish so 55-60% of that brings XLF to 6ish. That would bring UYG to 40% lower from here, about $1.40.
Who knows if it gets there but if it does I think it would warrant a good speculation with the expectation of 50% or more in a couple of days..
UYG
Posted by junkmaylbox on 20th of Feb 2009 at 04:06 am
I have entered two large "stink bids" for UYG at 1.50 and URE at 2.05 this evening.