JospheSilent,
I don't trade SKF for that reason (slippage in the ETF's). The only way you can make money on those things is to catch the beginnings of a wave 3, and even then, SSO only went up 13 points in this 300+ rally from March on the SPX!
I do watch them though, because they give me clues as to what's happening in other vechicles I trade. Same reason I watch the VIX.
As far as oscillators go, yes, you're preaching to the converted. I traded on pure technical analysis for years and years and lost money consistently. Then I studied market breadth with Dave Breslaw for a year or so, and my results became better, along with a rigorous use of trending indicators.
I think the great market timers just follow the money flow, but I don't know how to do that yet. Breadth makes a good substitute.
In the long run, TA just gives you slightly better odds, but I'll take what I can get.
Deva
Deva