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#1 diogenes227

diogenes227

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Posted 15 December 2011 - 06:15 PM

Been gone for a while so thought I'd update where we is at at the moment.

NYMO SWING SELL SIGNAL

Since the NYMO swing sell signal on the 12/12 close, TZA, on today's close, is up more than seven percent; ERY, up more than 11 percent; SQQQ, up more than 9 percent; TYP, up more than 9 percent; BGZ, up more than 5 percent; SPXU, up more than 5 percent; FAZ, up 4.5 percent; and SOXS, up more than 12 percent. Three trading days.

No buy signal is sight and the NYSI is still dropping off its own highs below highs but given those returns in just three trading days and given the uptick in the NYMO, some traders -- playing any or all of the above 3x ETFs -- might have been tempted to take at least partial profits on the close today.

:D

Good luck and good trading.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."