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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

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  • sah1958x sah1958x Jun 1, 2010 12:51 PM Flag

    Bimped it's head on that 1084

    I agree with sterling on 2 points.

    point #1: there will be more down side. I AGREE 100%

    point #2: day trading is the best alternative under the current market conditions.

    I AGREE, not that it really matters since I am all readey a day trader that only do overnight holds in very unusual cirmcumstances from a technical and momentum stand point.

    if there is one thing I never do , is that I would never bet on the news, but if I was a pure fundamentalist with my back to the wall, than as far as I am concerned that breaking news is only good up for about 60 minutes before it starts to wear out... so it would be up to a 1 hour trade on fundamentals strong enough to move the markets at least for that next 1 hour... but again, I'll never have to worry about that, because I am not a fundamentalist because fundamentals are all ready built in my intraday charts that gives a much clearer picture from a more accurate technical stand point.

    so in the meantime, I'll just sit patiently for my technicals to give me the green light to short the crap out of the S&P index in a day trade.

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