Wednesday, December 29, 2010

SRS UPDATE

 SRS 5 min positive divergence

SRS 15 min Positive divergence

Yesterday I suggested SRS may be near the end of its pullback, we are seeing some positive divergences and it's at a low risk entry (using risk management of course). I'd maybe put a stop below yesterday's lows on a closing basis, this way the risk is pretty minimal and you can take a shot at what appears to be a reversal in SRS which is a leveraged short ETF on Real Estate.

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