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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (26867)11/23/2011 3:29:39 PM
From: Hawkmoon  Read Replies (1) | Respond to of 219177
 
I totally agree that trading the ETFs is dangerous as well..

Not fully invested in TZA, and actually lightened up in between trades today.. But going to let it ride since it was so good to me this morning... And I think the small caps will be sacrificed to support "the generals"..

Also, seeing UUP staying strong, indicating a move to 22.56, where the Weekly PSAR is just sitting ready to be flipped into "uptrend".

Therefore, it may occur on a Gap-Up, rather than during regular trading sessions. The biggest gains (and losses) are to be made on holding overnight and riding the gaps. So I watch the MACD and Candlesticks for continuation indicators. And I'm seeing them all over the place as we approach the close today..

This isn't done yet.. But I do accept that there remains a lot of "event risk" out there that could catch me by the 'nads.. ;)

Hawk