ETF SWING & DAY TRADING

[KovuLK]

CaribbeanJim re: Metals, Japan & Dollar


I would say as well it may be time to vacate metals. Although the XAU looks to have tested its 20day, the individual metals look scary. That is GOLD and SILVER.

Whats your take on Japan?? Like many other indexes the NIKK is well below 30 on the RSI-5.

What about a dollar play in the near future on Rydex funds, as opposed to metals?? Looking at the their rising/falling dollar funds you can see on a three year chart (weekly is clearest)what looks to be a head & shoulder/triple bottom formation setting up. It sure would be nice to get in reasonably near the bottom of something for once.

Any suggestions??

Thanks
kovu