SPDR S&P 500 (SPY)

[leftyg]

Good morning, all Renko chartists...if you've played with the charts a bit, by now you've seen some of the limitations, as well as the possibilities.

This is not the Grail..or a get-rich-quick scheme. It also requires some discipline and reliance on people (they make the markets) acting as they have always acted..torn between greed and fear. I think it is a pretty safe bet they will continue to act in the same way. Which means, that markets will move up and down..and by capturing a part (most, hopefully) of the price moves, we can make a living.

No one has asked what my historical returns are, but for information, they have ranged from 25% annually to 60% using a 2X vehicle (NDX for the most part through Rydex). I am recently converted to the 2X MID etfs (MVV/MZZ) and accounts at IB. I have reason to believe those returns will be enhanced, based on what I have seen and the back-test returns for what is a limited time on those etfs. I do not need to have better returns, and would be quite satisfied if they remained in the 25-60% range.

I realize this method is not exciting..there will probably be few that stick to it. Good luck with whatever method works best for you. Regards to all.