SPDR S&P 500 (SPY)

[euterpe1]

Leftyg,

I can assure you my method works quite well. As you mentioned you will give back about 4%, or more like 6-8% on a market turn. If I recall you got whipped around in August and lost a fair amount in percentage terms.

Posted by: leftyg Date: Monday, August 04, 2008 10:41:41 PM
In reply to: renkoron who wrote msg# 1687 Post # of 2021

ron...I read the two posts you referenced. It seems our trading styles are similar. I have used the Q's for years..but recently have become interested in the mid-cap S&P400. That seems to trend a bit better than the Q's..but that may be changing as that index gets more popular.

I use MVV and MZZ as the instruments. Both are 2X the S&P400. Sometimes I use the UWM and TWM funds which are 2X the RUT.[i/]


You got killed on this MZZ trade in September. IF you stayed with it then congrats, but I would imaging the Renko charts flashed a sell at some point on the 19th only to self-correct when the trend resumed back down.

In other times of distress, the markets would have bounced already. These are abnormal times of market distress and I think that T/A is becoming meaningless.