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Like I say...we should be going down and EDZ, TZA, FAZ, and SRS are all nice things to have right now. Bears are taking over and bulls are on the run. Smart bulls are getting out now. We're under 107.85 as of now. SM

Today might be like yesterday, but the bears are gaining control. It's a battle ground, and being so close to the bollinger band, the bull's can't do much more. Good bear funds like EDZ, TZA, FAZ, and even SRS is what I'm looking at for a swing trade.

OK...I can definitely answer this one. I'm saying all this from my experience and how I use them. Don't know how you trade. First off, bollinger bands need to be adjusted in width to where price almost never goes outside of it, but it touches it. In your picture, price is on the topside...

FWIW, I'm just watching something different. I'm more dialed into market sentiment. I'm using indicators (including candles), to try to spot whether the mood is shifting from bull to bear. Thats why my time horizon is only a few days...that's about how long it takes the market to completely...

I'm taking EDZ to the moon. I'll be back. :) http://stockcharts.com/h-sc/ui?s=EDZ&p=D&yr=0&mn=3&dy=12&id=p72386562961

He could be talking about me. I come off kind of cocky sometimes. My charts are pretty good at telling me when things are turning around...plus or minus a day or two. I could be wrong, but I'm feeling good about it since some bear ETFs are already turning positive. So I took a minority...

I just looked at charts for SPY. I don't wanna sound like CNN, but "happening now" comes to mind.

Thats probably prudent and what I should have done. I don't have a doubt that we're topping, and we may already have topped. But take a look at EDZ for an early entry. It's already positive...likely because of some type of currency exhange issue. But 3 out of the last 4 times that it started...

It's now 10:25 AM...If I'm reading things right, I think the shorts are going to start to rule the roost. Price action is about to bump against a falling moving average line. Yeah...it could cross, but we're near a turn-around anyway...today would be a reasonable day for a turnaround based on...

I just dumped my long position...it's acting like it wants to change direction for a few days.

Lev, I can only see a couple days ahead and that assumes no "shock" comes along that dissuades the general market mood. Yeah...my charts told me to go long yesterday, so I got in late. Made 4% on Ford (just sold it). Currently Holding URE which I bought this morning. Made about 3% so...

I wasted a year before I figured that out. I had a great system that works, but since it was a swing trading system, I had to watch really big swings in the wrong direction sometimes as it worked it's magic. I had a tendency to chicken out and locked in losses. Now I play smaller cycles and I...

Sorry for the confusion. It was a given that there is positive expectancy in the trade. But it is my understanding that poor money management can really limit gains, or even cause systematic losses in an otherwise good system. So I agree with what you're saying...you're reiterating what...

Failure to leave a position early and having it backslide. Or failure to wait for an established move because you want the early gains. I would say "being wrong about the trade"...but that is unavoidable some of the time.

I've seen so many people say that the secret to profitable trading is money management. Ok...we all have our secret formulas for picking winning trades. But are money management techniques a secret? Can anyone share their ideas on money managment or give some "war stories"? SM

Calling all successful traders: Do you find that you make more money when you try to swing for the fences, even though you'll have some losers that "hurt"? Or do you find that losses are so intolerable that you'd rather just cap your gains to avoid the losses completely? Which is more...

Garfangle, I never thought of that! That's the best concept I've read here in a week. If a stock goes from $5 to $4 and you average down to a price of $4.50...your problem then is that your cost basis is above the stock price, so setting a stop loss isn't possible without guaranteeing a...

I just sold all my long positions. I had a great week. Made about 5% across the board. I'm selling because of this graph: http://stockcharts.com/h-sc/ui?s=TNA&p=D&yr=0&mn=5&dy=12&id=p64441862902 Price is at the center of the bollinger band range. Price likes to reverse direction...

There you go. A mini-rally at the end. Did my charts see it? No, but they were expecting more upward movement. Essentially, we had 11 days of almost all bear territory. A couple days of bull action isn't too crazy. My charts are telling me the bull action is accelerating. It may not last...

You could be right, but I'm just chalking it up to the fact that yesterday was such a big day that folks don't see the bargains in front of them. When I look at how much room these long stocks have to run and still stay in an acceptable trading range (i.e., Bollingers), and then I look at how...