Wednesday, May 13, 2009

Trade Alert: FAZ SKF


Notice that little rounded V shape on the SKF that formed just a few days ago and the stochastic shooting upward, this thing is about to turn and all the presidents men can't stop it.


Now check out the FAZ. The chart is all the data for the FAZ, 6 months worth. The price move hasn't happened yet, but the momentum has as indicated by the stochastic. Maybe the plungers and the the media can hype this market up forever, but the early
warning indicators are saying otherwise. The momentum has turned, the price is likely to follow soon. Take 1/4 position FAZ at $6.01, if it gets down that low.

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