Thursday, March 13, 2008

Mar 14: UYG and SKF






UYG is in a down channel, while SKF is in a up channel. In the near term UYG will go up, and my target is 35. From Mar 18 to 20, i will watch how XLF goes and decides what to do next (most likely go for SKF).

Tomorrow if UYG opens significantly lower, buy it. If it opens higher, try SKF and sell it quickly for 1-2% of profit. Otherwise, watch and wait for the best entry point.

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