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Strategies & Market Trends : Ask DrBob
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To: shoreco who wrote (99970)6/11/2011 9:52:39 AM
From: FLACK  Read Replies (1) of 100058
 
shoreco, I'm sure that you meant to put in the 40 week (200-day)
SMA on your weekly chart instead of 200 weeks.

Anyway, I agree with you that a dip to the 40-week (200-day)
SMA would likely see buyers stepping up to the plate.
And that's the trouble with shorting - most players are
buyers at heart and are looking for bargains.

For me, that means I'll have to watch more closely
as we near the 200-day and maybe cover some of my short position... but I started my position from 1340 and this
has given me a decent amount of flexibility. Who knows?

Enjoy the weekend.
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