Goalgetter: Google "Leveraged Etfs", and you will see a world of articles about them. They have been in existence since 2006. If you are new to them, I sincerely recommend you stay away from them Good Luck!
<b>Hey independenceair</b> Hope you had a nice day! Markets have reached over bought levels I don't think it is a good idea to buy anything as of now. Thought we are in a <b>Bull Market</b> we will see a pull back soon. Cheers!
<b>failed_trad3r</b> Welcome to the thread. Though your profile id intrigues me. Anyway, thanks for your post. It will be beneficial to one and all if you could tell us why you think <b>$UNG</b> will be climbing higher from here. Thanks!
<b>Market View - 11.Mar.2010</b> <b>NYSE Percent of stocks above the 50 Day MA: 79%</b> Buy Aggressively Buy Cautiously Hold <b>Sell Cautiously</b> Sell Aggressively (the highlighted option is my current sentiment) With the above number, at <b>79%</b>, I am changing my sentiment to start selling and locking in profits. I expect a pull back soon. The Markets are in in the stage of over bought levels. I suggest you read this post for more details. Cheers!
Well, we're at 81.17. So we sell aggressively on Monday, right? I think you have a nice system there, investics. I bookmarked that page: http://stockcharts.com/h-sc/ui?s=$nya50r
Dear <b>Petsamo</b>, Thanks for your comment. The whole purpose of having a system is so that we do not panic. But I would not hesitate to lock profits here. It is OK to leave a little money on the table. We are still in control and aware that the Market is over bought. Thus my game plan for this week is to wait and watch very closely, I am expecting to see one more green day before the market has a pullback. But if I see a extreme weak day I might jump ship and/or go short before close. I will post my action on the thread AS SOON AS I do it. Cheers!
<b>Market View - 16.Mar.2010</b> <b>NYSE Percent of stocks above the 50 Day MA: 79%</b> Buy Aggressively Buy Cautiously Hold Sell Cautiously <b>Sell Aggressively</b> (the highlighted option is my current sentiment) I think we have done well so far. I like to believe that markets move in short term cycles. My systems helps me take advantage of these mini-cycles. I have close by <b>$TYH</b> buy from <b>04.Feb.2010</b> at <b>30%+</b> As of 5 minutes ago I have moved to cash to lock in my profits. I think the market is over bought here. There is no need for us to take any risk at this stage. We shall wait tell things settle down. I am expecting a minor pullback soon. Cheers!
I admit I exited a little earlier than I should have. But I still feel very comfortable protecting my profits than take a higher risk. Hope you guys have reaped the extra profits. I am still expecting a pull back soon.... Cheers!