Replies to post #30462 on ETF SWING & DAY TRADING

[sammy1024]

look at this chart



http://stockcharts.com/h-sc/ui?s=%24RHCOMPQ


make it a 2 year chart - when we hit 10-20 we will get a good bottom so i think we got ways to go.

[CaribbeanJim]

FM - Dark Side

Did TimingCube take their signal short? One of my ST McClellans says we should get at least a 1-2 day bounce probably Monday, and this probability is heigtened with the Nasdaq at its 200dma.

I really don't like the fact that the Nasdaq closed below 2250 yesterday and one of my major moving average crossovers. That should set us up for a downtrend. I will reduce my long exposure after this ST bounce.

As far as metals go, I got a MAJOR Intermediate-term sell signal yesterday.