SKF is an ETF which doubles the inverse of the loss of the largest of the DOW financials. Friday will be the earnings release of Fanny Mae (FNM) and judging by Freddy Mac's earnings release today, it won't be pretty at all. This will in turn pull the rest of the financials down and hence the purchase of SKF on Friday.

Ok that was horrible. I hope no one took that advice, SKF fell, which I don't understand, maybe since it was such a good day for the dow in general. Oil dropped and that pushed everything up, including the financials. I guess SKF is good for really bad down days.

It was as I suspected, on down days where financials are in free fall, this is where you put your money, but only when the whole market is getting sucked down the black hole of financial death.

Market timing is one of the hardest things to do.

Sure is

Ok well just remember that SKF is great for swing trading, especially these last couple days with the financials pulling the whole market down. Just buy in early and sell before the end of the day since, every once in a while the financials will rebound when people realize they oversold the positions, and then SKF reverses.

If at the beginning of the day the dow starts off down, maybe 50-80 points, and there are news splashed all over the front pages of financial websites of banks doing bad, or housing doing bad, etc etc, then buy SKF quickly, because I have noticed those days normally get worse, and SKF shoots up anywhere between 4% - 7%. This is only a pattern I have been using for a little while however.