ETFs, Leveraged ETFs, Sector Funds

[stiv]

I'll try to explain although there is a lot of shifting sands -

- I use stockcharts only and need those two indicators BEHIND PRICE

- I'm looking for extreme oversold conditions but mainly because I think in a long term bull market the odds favor a reversal

- I watch multiple time frames which is the shifting sands

- The bottoming process involves generally a bottoming on the chart of Price, KST and Special K

- The bottom can look different on different timeframes so it is tricky at best and hard to automate rules unfortunately

- The pattern of Price, KST, and Special K bottoming on a chart is pretty reliable. If it's on a longer term daily chart it could be a significant turn, but...

- If you then go to a shorter timeframe you often see the better signal which often is a bottoming of KST first followed by a lag of hours or a few days for a bottoming of Special K and Price


A couple of quick charts:

I saw this on Friday first and SHOULD HAVE




I looked at this and got cold feet




There was 4% there in one day if trading for that set up. I tend to see these short term signals offer 3.5% - 7% regularly in a matter of days.

I don't necessarily recommend it, but sometimes the visual signals absolutely jump off the chart.

I'll post them when I see them. Maybe they will confirm one of your setups.