Posted by lsherrer on 20th of May 2009 at 10:50 am
On the $DJR 60-min chart
here, I'm seeing a W pattern that measures to
about 136 and the orange resistence line above at just short of
140. I imagine that SRS will finally end its long decline when $DJR
gets to 136 at a minimum.
I'm playing the SRS mechanical systems but also looking for a
long-term swing position in SRS. Any comments?
Right. I had posted a chart of the
$DJR double-bottom on Monday, with a target of ~$135; the
corresponding SRS target was around $19.75, give or
take. SRS hit $19.50 this morning as $DJR neared the top
of its formation, giving a nice low-risk entry for a
swing-trade. Of course, a swing trade these days can last
about 2 hours....
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$DJR
Posted by lsherrer on 20th of May 2009 at 10:50 am
On the $DJR 60-min chart here, I'm seeing a W pattern that measures to about 136 and the orange resistence line above at just short of 140. I imagine that SRS will finally end its long decline when $DJR gets to 136 at a minimum.
I'm playing the SRS mechanical systems but also looking for a long-term swing position in SRS. Any comments?
(Where's drorlando when you need him? ;-))
$DJR / SRS
Posted by rjdst on 20th of May 2009 at 01:02 pm