Ask DrBob Message Board - Msg: 25657373

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SHAWING who wrote (99755)	5/20/2009 11:42:55 AM
From: FLACK	Read Replies (1) of 100058

Sha… "I’ve been trading index funds mostly (QID /QLD)" I’m not a fan of the ultras… except on a day-trading basis… so, I wouldn’t swing trade these. And actually, I haven’t traded these ETFs. The 666 S&P low (and its subsequent V bottom) looks suspect to me… I think we could use a fall from here and a new higher low to form a more solid bottoming process. But that would be the ideal and the ideal seldom happens. Which means that waiting around for it, is a waste of potentially profitable short term trading time. So, it’s a toss up… do a few day trades or wait for a higher probability swing trade. The day trades would have to be based upon the recent average volatility (day ranges over whatever number of days we’re comfortable with) in the direction of the weeklies and within the current weekly channel… which is very tight. There’s not a lot of wiggle room within the channel and therefore not much to be gained - but a good chance of being hammered. I’ve just talked myself into waiting for the swing trade J

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next