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Replies to #34657 on The Black Box
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dieselfuel

06/19/08 3:05 PM

#34658 RE: Cortisone #34657

To me, the SKF looks overbought. It looks to pullback to 118, possibly 112.

I'm currently not playing the SKF now, but I'm watching it closely.

I'm still in AAPL and the QID. Bad day for the QID. :~)
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dieselfuel

06/19/08 3:09 PM

#34659 RE: Cortisone #34657

Also, today's action on the NASDAQ looks to me like short covering and games being play because of options expirations tomorrow.

I believe next week's action will give us a good indication of what to expect for the rest of the summmer.