Anybody have any ideas what is going on with the $DJR these
days? It severely underperformed the market in the early part
of October, but now is really outperforming (up 1.5% for instance).
This could, of course, be building cause to break down hard
and fast (and soon). I see daily MACD is looking sickly --
buried below the zero line. I also see the 50 day moving
average just overhead (this should provide resistance).
I think SRS can be a potential buy and hold at some point.
Looking at adding to a small position I just started.
Just wondering if people think that the time is near for
buying and holding this beast (multi week hold).
I am keeping a buy order on SRS at 9.65. The target should be
the MA(200) on IYR, if the market gets there or whatever the market
would give us. We may only get a 10-15% correction at this time.
The time to buy and hold SRS would be in early spring, IMO.
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Title: SRS Anybody have any ideas
Posted by kalinm on 3rd of Nov 2009 at 05:45 pm
Anybody have any ideas what is going on with the $DJR these days? It severely underperformed the market in the early part of October, but now is really outperforming (up 1.5% for instance). This could, of course, be building cause to break down hard and fast (and soon). I see daily MACD is looking sickly -- buried below the zero line. I also see the 50 day moving average just overhead (this should provide resistance).
I think SRS can be a potential buy and hold at some point. Looking at adding to a small position I just started. Just wondering if people think that the time is near for buying and holding this beast (multi week hold).
SRS buy and hold
Posted by junkie on 3rd of Nov 2009 at 06:20 pm
I am keeping a buy order on SRS at 9.65. The target should be the MA(200) on IYR, if the market gets there or whatever the market would give us. We may only get a 10-15% correction at this time. The time to buy and hold SRS would be in early spring, IMO.