RYL stopped out 1pt loss... memories of why I stopped trading it.. despicable. SKF..... Quite ahead on it last few days and did well today but I should do my best not to touch it again... that drop must have killed some traders... there cannot be anything more volatile..
Thinking out loud the creation of short ETF's, especially SKF is akin to renting out a room in your house (since you are greedy you want the extra money) to a man you know will make love to your wife every chance he gets.. What were they thinking....
Proof again of how well trendlines and price levels work on high volume stocks... 140 "should" have held it though.. Only great hard-core day-traders have the nerve to take the trade when it comes.. A breach of that trendline a tradeable bottom in markets as a whole...