tag:blogger.com,1999:blog-2335748440449035592.post9038328453060068770..comments2008-03-12T17:38:22.444-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-38554731286137287062008-03-12T17:38:00.000-04:002008-03-12T17:38:00.000-04:00Hi Wan,<BR/><BR/>I really dont use Technicals on the ETFs<BR/><BR/>Since they are simply a reflection of the many companies they own, its not quite so useful. i.e. if Citibank drops 8% 1 day, being the largest weighting in SKF, it really doesn't mean that SKF needs to go to the 200 day moving average.<BR/><BR/>I expect another 50 basis point cut next week. How the market reacts is total guesswork but the US consumers debt situation continues to degrade which is the next leg down for the banks... and they still have to deal with the mortgage mess which is not going away anytime soon. Until home prices begin to stabilize (or at least 6 months before they do as the market is a forward looking mechanism) it is hard to get too happy about financials other than for oversold trades. No matter how happy people get about Fed actions.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-61025824776426284592008-03-12T17:26:00.000-04:002008-03-12T17:26:00.000-04:00hi mark,<BR/><BR/>what is the chance SRS & SKF will hit 200 ema before next Tuesday?Wanhttp://www.blogger.com/profile/04490150668710827751noreply@blogger.com