Got caught in the gap down on SKF as you can clearly see in the 15 minute chart. Do what you want but I am holding tight. I will not take a loss on this. Go to last nights post where I outlined a hedge strategy. The gap down just changes the details not the plan.
So here we go, see the gap on the IYF in the 15 minute chart. I fully expect that gap to fill and fail, but I will get a full position if IYF breaks todays high. Put it this way I will put a limit order in with the limit price at 48.11.
Limit order: Buy 100 shares IYF limit price = 48.11
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