Tuesday, December 2, 2008

Alert: SKF

This reaction rally may fail badly in the last hour. We want to pick up another 1/4 position if that happens. Right now the stochastics are at the top and turned over in the 15 minute chart, but with this ETF the 15 minute chart is almost meaningless except for day trades. So I will put in a limit order as I did yesterday, but this time placing the limit at 180.21, so that the order becomes a market order at that price.

Buy 25 shares SKF, limit price @ 180.21

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