ETF SWING & DAY TRADING

[Duma]

Little Chico - I got my Dorsey book today and just learned enough to be dangerous to myself. I have a lot more to learn. I remember well your $BPNDX chart from the weekend. It is so out of tune with what is actually happening that I decided to look at the $NDX P&F chart. What a different story. The three O's started at 1764 and closed today at 1648. This is a drop of 6.6%. It seems that just following the $BPNDX chart with looking for some kind of confirmation from $NDX could be bad for one's financial health. I imagine that when the market turns it will make all of this up in one or two days, but this volatility makes me want to be very careful with my long term trading.

Jon