Posted by junkmaylbox on 9th of Jun 2009 at 05:52 pm
I would say, "yes, go ahead if you don't mind its going against
you for some time". The daily chart shows that its has likely
bottomed and volume is drying up. $djr
is close to giving a sell signal on the stochastic's crossing 80
down. The upside is limited to the 200MA. SRS might touch 200MA or
it may not. I'd put 70% of the money now and 30 % on the 200MA
touch-up. Good luck!
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SRS swing trade
SRS
Posted by junkmaylbox on 9th of Jun 2009 at 05:52 pm
I would say, "yes, go ahead if you don't mind its going against you for some time". The daily chart shows that its has likely bottomed and volume is drying up. $djr
http://stockcharts.com/h-sc/ui?s=$djr&p=D&yr=0&mn=8&dy=0&id=p39002259743
is close to giving a sell signal on the stochastic's crossing 80 down. The upside is limited to the 200MA. SRS might touch 200MA or it may not. I'd put 70% of the money now and 30 % on the 200MA touch-up. Good luck!