Options Wonderland

[Tommy86]

good post, i agree. thats why i didnt load the boat on SKF yet. we had 5 days in a row now against the longtermtrend and with lower volume.

i think this new week will be red again. if you look at the dia chart, you see that we are right at resistance now, a descending line. additionally, all that green was because of C bailout imo, and 5 green days was an overreaction, especially considering that financial sector doesnt look any better now than it did one week ago.

if you look at my SKF chart you see support a little lower, real close to MA200 line. but i think, if at all, this will be the lowest point, could be seen tomorrow. XLF is right at MA20 now, middle BB, should go down now.

i think ill get my full position on this play tomorrow or most lately tuesday, but i dont want to get left behind when the train leaves the station.