Ok, I'm getting a bit nervous. I was showing support at $112. We just fell through it. Not looking good if we don't see some recovery. Anybody else have any input?
Obviously you all know this...but alot of skf movement goes off of the main market..so if the dow going down from support that should equal skf going up..?
Dropping like a stone! Come to papa...
ReplyDeleteOf course, this would be a really bad one to own if the financial sector, and Michale Jackson, makes a comeback...not likely....
Good thing(ina way)is that any comeback will be short lived...mdp
ReplyDeleteJust added a block at 111.88
ReplyDeleteOk, I'm getting a bit nervous. I was showing support at $112. We just fell through it. Not looking good if we don't see some recovery. Anybody else have any input?
ReplyDeleteLooks as if SKF has bounced off $112 now. Could be just today? Need to confirm with some other data.
ReplyDeleteUYG appears to have broken the line...following the djia....
Obviously you all know this...but alot of skf movement goes off of the main market..so if the dow going down from support that should equal skf going up..?
ReplyDeleteOr am I oversimplyfying it..sorry for spelling..
mdp