Monday, March 10, 2008
Peter
Even though I had a target of $150 on SKF, I get nervous when it's starts getting this overbought. I still think we're gonna break out in POG tomorrow and still think the DOW stays between 11,750 and 11,950 this week. Not sure if you can day-trade, but you can find some easy 2% ranges if you want to do some sell & buy back lower moves.
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It's been hard to make day-trades so I've just been looking to reload. What concerns me is todays low of $960, we seem to be making lower lows in the short-term.
There is a lot of weakness right now so I do feel like adding, however I'd like to hold off if we get below $960 again which I now feel could occur.
I know you are thinking contrary Joe, what range do we trade in tomorrow?
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