Replies to post #49443 on ETF SWING & DAY TRADING

[Duma]

Little Chico - As I said I was through trading this week, but there was never a good long signal today for my 30" trading anyway. ChOsc crossed zero at 9:30 on Wed and has been above zero since except for a very small dip below zero on Thur. Even if I had a good 3/8 cross and my C14 cross, which I didn't, my experience is that when ChOsc has NOT come from below zero (for a long), be very careful. However, this is not normal market conditions, so I am expecting that as soon as a bailout plan is set, the market will explode. But as I said I would, I bought Oct41 calls at the low this morning for 1.24. We will see.
Jon

[gloe]

I wouldn't just go long because the 30 min chaikin is above zero, but I would certainly be looking for a long set-up with the way the 30 min charts looked. (All the indcies had 30 min chaikins above zero today, continuing from yesterday's ramp.)

Yes, good for you to take the trade off the 15 min, as the 30 min was clearly telling you to expect a rally.