good question. I cant fiqure out what the heck is going on. I
thought all the indicators were turning bearish but now I see the
post for the sentiment update and a bunch of long
recommendations.
rm686 - there are valid setups on both sides of the market.
The short term downtrend was broken today causing an overlap.
However, that doesn't mean the market can't pullback again
once this leg up is complete. The market is dynamic and one
must adjust along the way. That's why we say to play the best
setups - focus on those setups versus attempting to simply trade
the market.
In my opinion, long term indicators are useful as a guidance but
it probably stops there. As with anything else, I would advocate
all to backtest an indicator(s) and not just over the past 2-3
years where basically most crossovers/indicators were working well
due to the volatility but also during less volatile times
is it time to buy SDS and TZA?
Posted by qwich34 on 18th of Nov 2010 at 10:51 am
good question. I cant fiqure
Posted by RM686 on 18th of Nov 2010 at 11:10 am
good question. I cant fiqure out what the heck is going on. I thought all the indicators were turning bearish but now I see the post for the sentiment update and a bunch of long recommendations.
rm686 - there are valid
Posted by steve on 18th of Nov 2010 at 11:28 am
rm686 - there are valid setups on both sides of the market. The short term downtrend was broken today causing an overlap. However, that doesn't mean the market can't pullback again once this leg up is complete. The market is dynamic and one must adjust along the way. That's why we say to play the best setups - focus on those setups versus attempting to simply trade the market.
In my opinion, long term
Posted by vimal on 18th of Nov 2010 at 11:19 am
In my opinion, long term indicators are useful as a guidance but it probably stops there. As with anything else, I would advocate all to backtest an indicator(s) and not just over the past 2-3 years where basically most crossovers/indicators were working well due to the volatility but also during less volatile times
You might find the results suprising!
I took a nibble
Posted by dallassteve on 18th of Nov 2010 at 11:04 am
small position in SH (inverse SPX) in my IRA. See if it goes anywhere.