SKF Near Term Move
文章來源: wavePlayer2008-08-04 11:56:23

    SKF  near term may drop back to 110 area before cumulating enough energy for next wave. It's time to take profit.   Since housing bill and bailling out 2F by Gov.  it has set a termporary floor under Financials sector. XLF is likely to move up to touch it's 50 DMA  at 22.5.  This will push SKF low to 110 or below.  I don't think XLF can break and stay above 22.5.  At least the first time it will fail to do so.

Once SKF reaches that point,  it will be good entry point to go long again.

Take care.