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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

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  • sah1958x sah1958x May 27, 2010 12:32 PM Flag

    Just sold out of EDC position. $21.70

    tinger33

    Nothing goes straight up or down. there will be curves and zig zags along the way. Even a 20 minute curve could make a killing in a highly leverage option position on a call or put contract on the SPY index. my idea match up is either catching a bull run in a bull market, or a bear run in a bear market.

    right now, we have a bull run in a bear market. A one day gap up does now take away the bear market that has been in force since April 27,2010.


    so it really doesn't matter to me whether S&P goes up or down, I could care less, because I am never classified as s a bull or bear... I only care about volatility. The more volatility, the bigger the profits. I have had a series of big wins with put contracts shorting the S&P index since this bear market began back on April 27th, 2010.

    Lastly, I am at all cash again waiting for one of 2 scenarios to happen.

    scenario #1: since this is a bull rally in a bear market, I simply wait for the bear rally to kick in... that way we'll have a bear rally in a bear market. the most profitable way to make money.


    scenario #2: the bull rally is able to sustain itself to the point that the bear market turns into a bull market. than we have ourselves a bull rally in a bull market. a very profitable proposition.


    but the way things stand now, trying to make money in a bull rally in a bear market has just as many cons as it does pros. sometimes it works, and sometimes it doesn't. if one does a back testing history over the last 20 years trying to make money in a bull rally in a bear market, it is pretty much 50/50 because even thou the short term trend and momentum is bullish over the last 24 hours, the general trend and momentum is still bearish over the last few weeks, so the bottom line is the over all bearish market is capable of squashing out the current bullish rally at pretty much any given time, with absolutely no advance warning. which brings me back to my original point.

    I am at all cash again waiting for one of 2 scenarios to happen.

    scenario #1: since this is a bull rally in a bear market, I simply wait for the bear rally to kick in... that way we'll have a bear rally in a bear market. the most profitable way to make money.

 
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