Replies to post #30506 on ETF SWING & DAY TRADING

[jimapplesmith]

Thanks. On the daily, it bounced off the mid band on Friday. If it goes below, comes back up, but gets rejected by the mid line, do you think that would be a good point to short again? sort of like 2/9.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$xau,uu[g,a]daclynay[dc][pc7!b4....

[KovuLK]

CJ & Jim re: XAU


Good Sunday morning. Thanks for your posts. Both PMPIX (which I own) and RYPMX did the same doji for their weekly chart action. A strike at the BB midline for PMPIX will be below my last major purchase. Don't think I want to go there, if I can help it being in a mutual fund.

Also, do you use weekly charts as more of a guide than daily. I am intermediate time frame. Would that be best for me you think??

Thanks
kovu