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Tuesday, January 06, 2009 2:22:10 PM
***SRS - big-time intraday fall-off, down 8.51% at 50.56 - may test all-time lows today... Starting to intraday V-bottom as I write this.
One of two things occurring imo - Either this is the final shakeout before an explosion upwards, or new all-time lows are going to come and take SRS to 40...
So far it's holding the double-bottom and the SAR support - so far... Extremely volatile trader and not for the faint of heart! That candlestick looks bearish though unless SRS gaps up tomorrow and rallies past or towards today's high to close... Only guarantee is SRS will remain volatile for the forseeable future...
P.S. - My market timing was off on this one!
P.S.S. - 50 dollar flat 2:36...
One of two things occurring imo - Either this is the final shakeout before an explosion upwards, or new all-time lows are going to come and take SRS to 40...
So far it's holding the double-bottom and the SAR support - so far... Extremely volatile trader and not for the faint of heart! That candlestick looks bearish though unless SRS gaps up tomorrow and rallies past or towards today's high to close... Only guarantee is SRS will remain volatile for the forseeable future...
P.S. - My market timing was off on this one!
P.S.S. - 50 dollar flat 2:36...
HI-HO SILVER !!!
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