I sold off my ERX after 18.5% gain in 3 weeks when the S&P
began to turn down on the 5 min Renko around 1125 and then
followed that up with an 8.5% gain in ERY which I sold off just
before the close today. As cspirit posted elsewhere trading ERX is
fun. But heck it can be really dangerous without close monitoring
considering the 3x. I must thank Matt / Steve for their consistent
counting and presenting of waves on the S&P for
this scalp. Now I just wait for the next newsletter to see
what these brilliant minds are thinking about the next step of
S&P. Are we in queue for a wave C up to 1140-50?
I have not yet done any research about the correlation between
S&P and ERX/ERY so I might just have been very lucky here in my
analogy that they are closely related.
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i almost shorted ERX yesterday,
Laptop Trading
Posted by rank10 on 22nd of Jun 2010 at 04:06 pm
i almost shorted ERX yesterday, wish i would have
oh well i loaded up on SDS, TZA and DRV on the open yesterday
I sold off my ERX
Posted by etcbari on 23rd of Jun 2010 at 12:13 am
I sold off my ERX after 18.5% gain in 3 weeks when the S&P began to turn down on the 5 min Renko around 1125 and then followed that up with an 8.5% gain in ERY which I sold off just before the close today. As cspirit posted elsewhere trading ERX is fun. But heck it can be really dangerous without close monitoring considering the 3x. I must thank Matt / Steve for their consistent counting and presenting of waves on the S&P for this scalp. Now I just wait for the next newsletter to see what these brilliant minds are thinking about the next step of S&P. Are we in queue for a wave C up to 1140-50?
I have not yet done any research about the correlation between S&P and ERX/ERY so I might just have been very lucky here in my analogy that they are closely related.