Dow Jones Real Estate index bearish development on the chart
I noticed during scanning for opportunities for my ETF Trading strategy that Dow Jones US Retail Estate Index signalize possible troubles ahead. It shows relative weakness on the chart and so I am preparing to enter short trades in breakdown of support level near 300 pts.
May 23rd, 2009 at 10:57 am
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May 27th, 2009 at 3:42 pm
I agree that this chart formation will probably break to the downside. But how can you say this and be right more than just 50% of the time? It is still possible that this may be a pendant continuation pattern? How are you making that judgement from what you are seeing? How do you play it out.
Please help me to see.
May 29th, 2009 at 9:54 am
Can you tell us if you trading strategy works. Are you able to generate sustainable income for the past years?
I personally use a very different strategy. Base on a vague statistic model. I just started to experiment that strategy and I post my income (loss) daily on my newly set up blog. You may want to check it out.
Experiment of day trading to generate sustainable income: Stock Traders Blog
May 29th, 2009 at 10:24 pm
Paul:
I will wait till breakdown of pattern to entry short trade. Breakdown from my point of view will be when index broke down 300pts level
StockTraderBlog:
ETF strategy is one of my 4 core trading strategies I use. It generates returns between 10 % to 20 % p.a. so I think it is good. It is very conservative strategy.
June 6th, 2009 at 2:25 pm
Give more details please? This is really good information….You have done an great job.Thanks for sharing that, it was wonderful of you. Good luck!
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