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S&P 500
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1.06%
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US TECH 100
19,828.00
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0.95%
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Dow Jones
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techcharter

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techcharter

Re: None

Sunday, 07/13/2008 10:54:01 PM

Sunday, July 13, 2008 10:54:01 PM

Post# of 51808
SOLD my SKF

With shares FNM FRE falling 40-50% SKF should have been up over 20% Around mid day the intra-day charts showed a rounding top on SKF, and FRE-FNM made nice bounces. I felt it was time to get out of SKF.

My analysis was proven correct (finally) this evening with the SPX futures UP OVER 14 points. I'm calling an intermediate term bottom. I'll wait for this wave ii to run its course over the next 2-4 weeks. Meanwhile I'll change my allocation to 90% cash, and 10% ETFs.
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