Replies to post #16116 on ETF SWING & DAY TRADING

[POKERSAM]

denmo83 - I said I was using Dec. highs as first resistance.

POKERSAM

[omandan]

Great post Denmo,

[POKERSAM]

denmo - I also might point out that the bullish and bearish objectives on P$F charts are really worthless.

Ted's support and resistance lines are really established over long periods. They are great and to be given a lot of notice. I am useing Dec. highs as shorter term resistance lines which in some cases are the same as Ted's. Needless to say if we can't break through Dec. highs we cannot go on to any other resistance lines. We have not been able to do that yet (except for a minute today on the SNP, I think it was .84.) I think the fact that we have hit Dec. highs and been rejected every time gives good evidence that these numbers are resistance.

Appreciate all of your work.
POKERSAM

[denmo83]

As per the plan...

Another 1/3 went in long today.

The $nasi crossed over, after the close, so the last 1/3 goes in Monday.

All in.

Fear?

That's for the other guy.