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11/05/2009

Does This Look Vulnerable?

Here's a chart of SRS, the ultrashort real estate instrument. I have - as I am wont to do with big movers - flipped it upside-down to give you a different perspective.

1105-srs

Does this look vulnerable to a "fall" to you? (I put fall in quotes, since the chart is flipped). I think it does. Let's keep in mind, though, that it has shown vulnerability before (see blue tinted area), only to move more.

I bought SRS earlier today, and the fact that it is showing a profit (albeit a small one) in the face of a nearly 200 point burst higher on the Dow is pretty encouraging.

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