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To: Galirayo who wrote (10379)4/30/2009 6:13:31 PM
From: ACAN  Read Replies (2) | Respond to of 41506
 
ot - ohiodnr.com



To: Galirayo who wrote (10379)5/2/2009 7:55:45 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 41506
 
I'm keeping my stops tight.

The divergence triggered a short term sell on Friday, probably not very deep but you never know which stocks will take it on the chin.

Particularly concerned about positions in Banks. Good news or bad on Thursday and we still could see the banks take a hit.

I have two bank positions, AXP and VLY.

---------------

The UNG was a good pick. Actually I was able to get a small position at 13.21 in the Pre market on Friday. Thought it would run a little lower to pick up more but it motored higher right out of the gate.

I still haven't a good longer term signal on it, but it was a good call by rayrohn for short term at least.

Nicor (GAS) is another possible play in the sector.