That is a beautiful chart! It may be the best one I’ve seen in a while.
Shorting the banks via [[SKF]] offers a great low risk setup. This money making vehicle is sitting right on the 200 MA, the RSI has hit bottom, and the MACDH is turning positive.
These are all good signs, and ones you want to look for when entering a trade.
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Don’t let Alpha see this. He will chastise you, rightfully so.
However, i agree with your sentiments, but with class.
I protest the current price of SKF as being too cheap and hope the market will soon see it my way.
He say:
Fuck the banks!
_
AIG is your catalyst, without that, long SKF would not have much of a chance. Tomorrow I hope to be short COF.
That is just wrong!…. Like when somebody steals the family dog!
Hank will hear of this!
Consider yourself chastised.
Someone ate the family dog? skf is getting a premium built in, since there is no other way to get the sewer trouts in that index.
trouts are like catfish, but they live in clear mountain streams, not in the shipping channel.
vrnm on the bp announcement?
Dont forget GLD, DGP. They will ignite. We’re sitting on the 200-day EMA on the GLD (it’s been very powerfull support) and historical sigma-3 sell-off events in all the majors. Gold goes higher from here. Those are my tops 2 plays going forward now.
Phil, don’t you know that prices follow a random walk?
Sheesh….
(Seriously now, very quietly, I’m still long GLD)
i’m starting to think the SKF is deliberately being a dick to smart people.
i’m also starting to think that the manager for the SKF is named paulnake. >:(