NYC Trader Blog will try to find the best chart setups for swing and day trades.I can be a Bull or a Bear anytime. I am a Trend Trader. I go where Market wants to go with maximum profit objective in mind.
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Friday, July 3, 2009
Inverse ETF's. VXX,EDZ,TYP,ERY
If the Market decides to break down next week, keep an eye on these Double/Triple Inverse ETF’s. They are extremely volatile. Quick entry and exit is required.
these 3x ETF charts are skewed by their 3x nature, you can't really follow their charts. ERY for example, you will not see the head and shoulder pattern on RIENG.X.
Hey NYC... I like VXX to move higher, but I'd like to see a big move in ERY even more! ;)
ReplyDeletethese 3x ETF charts are skewed by their 3x nature, you can't really follow their charts. ERY for example, you will not see the head and shoulder pattern on RIENG.X.
ReplyDeleteI see it on OIH... FWIW
ReplyDelete