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Forums » Trading » Strategy » Short ETF's have the nicest charts right now...not a good sign

Short ETF's have the nicest charts right now...not a good sign Options
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plemal
Posted: Monday, October 27, 2008 4:14:59 PM
Rank: Newbie

Joined: 9/22/2008
Posts: 6
Location: Atlanta, GA
SRS, MZZ, SMN, SDD, SKF and several more short ETF's pretty charts if you like the short side of the market. But dang those waves are tough to surf. SPAR popping a "base cobra" today with a potential 10/35 EMA X-Over looming.

Critical re-test of support here on the indexes....next few weeks are key. We may yet get a fall rally but not holding my breath. Anxious

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plemal
Posted: Thursday, October 30, 2008 12:14:20 AM
Rank: Newbie

Joined: 9/22/2008
Posts: 6
Location: Atlanta, GA
Update SPAR worked for 45% in 2 days and the short ETF's may kick in the next few days for a wave 3 swing, MZZ one that could give a nice few day swing off of this pullback to the 10 ema. Not my kind of trade though, too volatile but the day traders may like it.
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