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Wednesday, May 27, 2009

Reversal - First Trade for VE

INDU 60 is ready for reversal - IF neutral and MACCI cycle turning down from O/B, also has Grey Bars.

Just short when DIA ETF is OB and yellow reversal bar printed.

On cash charts, 10Minute MACCI also had $ADD MACCI reversal short bar.




Thursday, May 21, 2009

Swing vs Day trade

Swing trading has larger time window to prepare and make decisions. It can also allow multi-intruments to be monitored.

Day trading requires close monitoring of opportunities and there is opportunity cost of missing larger swing trades.

ES in action 20-21 May