Replies to post #4155 on Direxion Daily Gold Miners Be (DUST)

[dude iligence]

DHOT60 is 1. Down Hard On The 60. the first of 3 rules

It is on the Gallery view chart only at stockcharts

On the daily portion of the Gallery view it is the little green line at the bottom of the chart (ema60) when the price of a stock etf index punches the line a very good chance a bottom is reached or about to be reached followed by a reversal.



On the weekly portion of the Gallery view the 60 is the little red line at bottom of chart. As you can see the price punched DHOT60 on both the daily and weekly portion. It does not always do that. May only hit the daily. Some of the 3X etfs live on or near the line. Repeated hits or punches are not as good indicators.




The second rule was developed for pennystocks.

2. Move Like Hammy
Hammy from Over The Hedge on Caffeine. In other words don't waste time take a position.

The Third rule was developed to exit dead cat bounces with a 10-30% profit regarless of how inexperienced a trader or chart reading ability.

3. Third Day In Play Collect Your Pay

I created a message board for DHOT60 stocks. You can see several recent examples of stocks that went DHT60 and the returns that followed. The idea is to stay in cash most of the time and find stocks that are DHOT60 take a position then exit with a decent gain back to cash and wait for the next bus to come along. These rules are designed for even the Dullest of Bagholders to become successful traders.

If you find any stocks that are DHOT60 post them Remember use only the gallery view chart. To post copy image location on stockcharts put cursor on portion of chart to copy ie daily or weekly, then post it using the image brackets on the left side of this page.

Tip the ema 60 constantly readjusts, if the price hasn't punched it then its not DHOT60 and may keep moving lower effectively and elusivly chasing it. Don't try to over analize this or use it on other charts by changing inputs. It simply wont work. This is the best reversal indicator in the market period. If you find a better one let me know about it. In the mean time Ill keep making money DHOT60