Home > Boards > Other Markets > ETFs > Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (DRIP)

I used to do the same. I

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
No-Quarter Member Profile
Followed By 35
Posts 3,883
Boards Moderated 1
Alias Born 05/05/14
160x600 placeholder
No-Quarter   Monday, 11/16/20 07:41:38 PM
Re: dealerschool2006 post# 87
Post # of 112 
I used to do the same. I thought I was so smart that I could see things in the chart that were not there yet, AND I was sure would appear soon. Time after time, I was wrong, and ended up kicking myself for moving too soon. Now rather than hoping the chart will go the way I predict, I simply follow what the chart is actually telling me that day.


On the DRIP chart (live link above), the DRIP:DIAL slope is suggesting a bottom is nearing. Possibly later this week, BUT WAIT FOR IT TO ACTUALLY HAPPEN. Watch for the GUSH:DIAL slope 'wave' to actually bottom and turn up. The first day after the bottom of the slope 'wave' ACTUALLY OCCURS will be the day to buy DRIP again. Ride the DRIP wave up, and then sell when the wave tops out and rolls over, then take the funds and move over to GUSH and ride the GUSH wave up. When DRIP:DIAL slope is at a top, GUSH:DIAL is at a bottom. When GUSH:DIAL slope is at a top, DRIP:DIAL is at a bottom. Jump back and forth with the same funds and watch them grow.

With this GUSH/DRIP ETF chart pair, you are not looking for home runs. Just consistent singles and doubles, BUT an occasional home run WILL occur.

GUSH most recently bottomed on Friday Oct 30th. The next day the market was open and I could buy was the following Monday, Nov 2, and I bought at $20. It closed today at $30. When GUSH:DIAL slope tops out this cycle, it will be a 50% gain for me, and that is a home run in my book.


My posts are my opinion. Always trade at your own risk.

For swing trading I use; https://www.youtube.com/watch?v=M0flnBqjVzU
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences