Ah, now you are giving me homework assignments. Perfect. I appreciate it actually. I will read up on Pring's KST and Special K indicators tonight. Try to learn what they are all about.
I too have my new IRA account set up and funded. My plan today is to wait for now, follow the SOXL:SPXS chart, and invest 80% at the next crossover.
I am intrigued with NUGT. I read about it on blogs and such this past weekend and learned many people are waiting and watching for it to hit bottom and reverse. I am now one of the watchers too. I am leaning towards putting 10% of my available funds on NUGT when it reverses and heads north again, placing a stop loss underneath it as it moves. I will consider this my Mad Money.
I will keep 10% in cash, for now.
By the way, I have helped my two 20 something year old kids (both recently out of college) set up their own ROTH IRA's in the past few weeks. Going to mirror the SOXL:SPXS trades in their accounts, and over the next few months, teach them how to do it themselves.
GLTY
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