Replies to post #808 on Direxion Daily Russia Bear 3X (RUSS)

[THREE-DAY-TRADER]

I'm not trying to predict a trend reversal (as you may notice in my posts here recently).
Just talking about how it is getting to a point one can play some quick 1 or even 2-3 day moves off of oversold levels. That can be done much more easily than predicting a trend reversal. THAT"S WHAT I DO ON STOCKS USUALLY (I don't look for trend reversals, just quick short term trades).

[THREE-DAY-TRADER]

Alerted $RUSS today in late afternoon to my private e-mail subscribers from 6.88-7.00 area with suggested Limit entry @ 7.10
(subscribers always get my Alerts & info on trades first).
(Also plenty of ability to enter this after hrs with lots of liquidity on the Ask @ 7-6.60's.)
Just looking for a short term quick flip -- not a trend reversal type of swing trade longer term.
$RUSS may still see mid-6's yet in interim short term(or ??), but it's close to done going down soon in my view.
RUSS been down 7 straight days --- very usual in contrast to the past, and is one statistic to be aware from a contrarian trading perspective.

We'll see if RSX 21 area resistance holds.

I see eventual short term flip ability towards 7.85-9's (for 12-30% upside).
I'm using similar criteria & technical metrics with strategy on RUSS as previously applied on UGAZ in November & LABD in August (all for double digit % quick trade flips)









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