Right, the best set ups happen when they are both over bought or
over sold to the extremes, as this chart shows where the red arrows
happen, but this last trade of buying SDS $20.42 the 14 was
extremely over bought on the SPY:TLT but the 60 was not, there fore
it's high risk and looks like it may go against me. I should have
waited till they were both at extreme levels.
Right, the best set ups
SPY
Posted by ditch on 13th of May 2011 at 02:02 pm
Right, the best set ups happen when they are both over bought or over sold to the extremes, as this chart shows where the red arrows happen, but this last trade of buying SDS $20.42 the 14 was extremely over bought on the SPY:TLT but the 60 was not, there fore it's high risk and looks like it may go against me. I should have waited till they were both at extreme levels.
http://screencast.com/t/OsilFjGb6txA