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ZPTDO - SKF seems to follow C and BAC very closely, but with a lag of a few minutes. Transpose all 3 graphs on one another and it's uncanny. If C and BAC go down, buy SKF. When they reverse, buy UYG.
Aug 22 20:42 pm
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All Comments by 2houndz »Will UltraShort ETFs Experience Whiplash Again? [View article]
Also, look at SKF on a weeky chart with 50 DMA. The support is fairly obvious. ANDYN may be correct that when FRE and FNM get a fix, this thing is going down, but no matter. It's not a keeper, the beauty is in the volatility.