Replies to post #49436 on ETF SWING & DAY TRADING

[sammy1024]

jonr,
the 3/8 ema didn't intersect yet on mdy or iwm. waiting for an intersection to go long. the one trade i made this week was going short on monday. got out at the end of the day and waiting to go long. one thing i learned from chico and you is to wait for the perfect setup.

thanks

[Little Chico]

Jonr,

I recommend going to Dorseywright.com and listening to their weekly podcasts. Their latest one is very good and will help you understand how to steer a clear course in volatile markets.

Chico

[Little Chico]

It seems like it might be happening today, with the prospect of the bailout on Wall Street. The $NDX is up 2.5% currently.

Chico