2 replies to this topic

[Rogerdodger]

This is my first time buying UDOW. Pro Shares Ultra. It follows the DOW but has low volume, (Except at turns) LOL!.

I have been looking for typical seasonal strength in here, as posted.

The recent compression set it up for a nice break of the downtrend line and MACD cross, Jack Chan Style & SAR buy.

[pedro]

Good technique as long as you also pay attention to higher degree tools.

He prefers 50dma > 200dma and the monthly MACD also being on buy.

I use ALTs but same concept.

 

These setups will fail when a secular bear takes over, even when those pre-conditions remain present.

Which will be good evidence of the change, before many shout it out.

[dowdeva]

Pedro, ALTs?

 

Thanks in advance.