jimmyjazz, I like your mindset....... I feel better when people think on my lines Note: This is more then one trade for me, its a education of how to be a better trader. Your saying , try to recover something and that is how I think. Separately, the Wall Street Journal wrote an interesting article about our low electricity consumption. In short, this sector should behave much like Bonds...flat and boring .
Did you stick with it? Nice little move to the upside, and now it's off the 200 SMA. My favorite strength indicator says it has pretty much bottomed. PSAR (which can offer reassurance) has flipped to bullish as of today. Personally, I would look for a little more accumulation before BUYING, but that doesn't mean I'd sell tomorrow.