Bearish Rising Wedge on SRS 60-min?

    Posted by CopperMtn on 16th of Dec 2010 at 03:40 pm

    <a href="http://stockcharts.com/h-sc/ui?s=SRS&p=60&b=5&g=0&id=p90206556399&a=192968212">SRS 60-min Chart</a>

    I'm in at $19.95 with a stop limit at $19.75.

    IYR Daily

    Posted by fehro on 16th of Dec 2010 at 03:53 pm

    fwiw.

    Thanks fehro.  Rising interest rates

    Posted by morton13 on 16th of Dec 2010 at 04:26 pm

    Thanks fehro.  Rising interest rates are not good for real estate and utilities...makes sense to me. thanks again.

    Thanks Fehro. I also chart

    Posted by CopperMtn on 16th of Dec 2010 at 03:59 pm

    Thanks Fehro. I also chart the underlying index the <a href="http://stockcharts.com/h-sc/ui?s=$DJUSRE&p=D&b=5&g=0&id=p61476372242&a=189630271"> DJ US RE Index</a> which is bearish. It only updates EOD so the IYR does provide valuable intraday information.

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