Replies to post #32378 on ETF SWING & DAY TRADING

[positiontrader]

Good looking chart Jim

[KovuLK]

CaribbeanJim re: mutual fund scalp


Could you explain to me how you do this scalping with a fund, such as Japan?? I bought into Japan the other day and wondered what you meant by it.

Thanks
kovu

[omandan]

Jim
Ran out of post yesterday so couldn't reply on you great tweezer chart. Great chart. I'ed like to get some options on that, but not enough open interest. So went to SMH.
Keep up the good work.
Dan

[woodfish]

About that tweezer Jim
The tweezer top or bottom is a short term candle pattern. It is especially reliable if the tweezer is part of anutter candle pattern.
Your chart clearly shows support has held three times at least. The last couple times support was tested , nice reversal candles, and paterns , and conformation of such reversal off support was clear.
The chart has been read with expierience , just that candle wise there is no tweezer bottom , because of the time lag between the candle prints.
FWIW
Wodofish