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Direxion Daily Energy Bull 3X ETF Message Board

  • matt8196188 matt8196188 Sep 8, 2011 8:59 PM Flag

    Houston - we have a problem. Simultaneous *Buy signalS* for ERX AND ERY!!!

    Hello everyone

    We`re running into some crazy trading this week and I'm not going to try to touch it with a 10 foot pole...;)......here`s the problem:

    Usually my buy signal is clear cut but recent events have thrown its reliability out the window for the near term, as both ERY & ERX have BOTH had their buy signals set off. I`ve never seen this happen in the last couple years with this ETF pair. Is this an early sign of a greater pullback? Did this same thing happen to DIG and DUG prior to the 2008 collapse? Maybe the thing to do is to buy a few puts and calls, sit back and let this sort itself out; or simply just daytrade..

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ERX
108.67-1.85(-1.67%)Sep 17 4:00 PMEDT

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