ETF SWING & DAY TRADING

[kenwong]

Subject: Poor Man's 2x (v.8): UPDATE

PM2x(v.8) still reading short.

Daaverage, the PM2x(v.8) is a "reactive" (-vs- "predictive") type of trading strategy. It isn't intended to indicate trading signals before events happen ... but only after they happen (hopefully, as quickly as possible). Will remain short here until I get a long signal. Are you short or long at the moment?

- trade long when: 1) MACDh(5,60,40)'s 3SMA is trending up, and 2) the MACDh(5,15,10) is above the zero line
- trade short when: 1) MACDh(5,60,40)'s 3SMA is trending down, and 2) the MACDh(5,15,10) is below the zero line

*system is based on end-of-day closing charts & price (which can still be determined 15 minutes prior to the close)


Link to this "Poor Man's 2x (v.8)" chart setup ... http://tinyurl.com/8ncg7

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Posted by: daaverage
In reply to: kenwong who wrote msg# 1795 Date:8/26/2005 2:58:48 PM
Post #of 1807

kenwong
Looks like the markets are coming back. Close positive today will be a good sign to go long next week.

regards