I'm pretty much a novice with charts. If SRS breaks its upper
downtrend line will that trigger a buy in a market situation as we
have today. Would like opinions from some of you pros. I bought in
at 83.00 and wanted others views on when to sell.
I personally wouldn't go long on SRS even if it broke that
uptrend line, in the current market anyway. However it would be a
hold if you already had it, obviously. If it breaks that long term
support at around 77-78, now THAT would be a signal... to get the
hell out.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SRS
Posted by khuck on 15th of Sep 2008 at 08:39 am
I'm pretty much a novice with charts. If SRS breaks its upper downtrend line will that trigger a buy in a market situation as we have today. Would like opinions from some of you pros. I bought in at 83.00 and wanted others views on when to sell.
I personally wouldn't go long
Posted by unsane on 15th of Sep 2008 at 08:52 am
I personally wouldn't go long on SRS even if it broke that uptrend line, in the current market anyway. However it would be a hold if you already had it, obviously. If it breaks that long term support at around 77-78, now THAT would be a signal... to get the hell out.