Thoughts and ideas are welcome --- agree or disagree,,, it's all good :)
I will try to post charts later, but....
I already have long positions in VXX FXP and am short BAC again (took profits last week on BAC, re-entered short today at 17.05 and 17.12). FXP and VXX are red, for now. BAC has been very lucrative. Got stopped out of TZA today.
I've been watching ERY ZSL DUG SMN for the last 4 days for an entry. After today's action (they have all declined but basically just backtested), it looks very likely that I'll enter new positions in the ERY ZSL DUG on Wednesday. I'm not sure SMN is ready enough yet but am also watching that one.
It should be noted that ERY and DUG are nearly identical in their charts so I will probably just choose one. (plot both of them on a chart and you will see that it's like plotting SPY and SPX)... they track similarly.
ERY looks nearly ready to buy, prob ready on wedn
ZSL looks nearly ready to buy, prob ready on wedn
DUG looks nearly ready to buy, prob ready on wedn
SMN looking better, closer.
I'll be watching the 60 and 15 min charts to verify that these are valid swing positions, and then use the 3 min and 10 min together to time the entry for the best price.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
Stopped out of my TZA as well. Shorted BAC at 17.20 and already in ZSL. I like the ERY but be careful as the play is set to go either way. Check out weekly on XLE - squeezed between 50 and 200 day MA.
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