Tuesday, July 8, 2008

BKX and UYG Look To Be Putting In A Short Term Bottom


5 comments:

upsidetrader said...

stewie
i've been short uyg off and on for 6 months and i got out of the way today--looks higher,i dont think the financials have bottomed but they could catch a bounce here, will look to short the rally, it aint over to the downside

Stewie said...

yea. i agree with you upside. probably a bounce here and back down. i have a feeling this bear market is gonna stay around longer than most would hope. seems like we are dealing with a different kind of animal this time around.

YoungChuck said...

I picked up some UYG this am at $18.46.(posted on Wallstreak) Gut told me it was time for a bounce. If it breaks $21 tommorrow am I will start to trail it for a few days else I'm out.

Stewie said...

nice catch chuckie.

Stewie said...

MJ smoked that SKF short! SKF got slammed! Even SRS much to my surprise.

Blog Archive