Well, I have a one triggers all on DDM set down near it's all time low. It has a little more to go to get there so we shall see.
I think they call that some kind of window in Japanese Candlesticks. My Steve Nison video's have not arrived yet so I can't tell you just yet. I call it a gap down.
Now I was looking for something to do while I was testing my crisis plan. I was calling my mental health professional who told me to call if I were in crisis. I got his voice mail instead. I am glad that wasn't am actual emergency. This is what I came across this:
FAS The Direxion Financial Bull 3X - Triple-Leveraged ETF is designed to yield investment results approximately equivalent to triple (300%) the return of an investment in the Russell 1000 Financials Index, which tracks financial-related securities in the Russell 1000 Index. For example, if the underlying index gains 1%, this fund should gain approximately 3%.
Holly smoke, I must have died and gone to heaven. This thing is brand new. At first look I thought this was a loser's bet.
Then I broke it down a little. It looks a little better.
This doesn't look too bad.
Look at that volume end of day. Wow, it looked like a nice blow off bottom except for it was the end of day so I will have to wait and see. This seems to be a good swing setup.
If anyone would like to add an observations please feel free to make them.