Tuesday, August 25, 2009

Of course you can hold FAS long term (when the market is trending up)


Don't believe 'em, when they tell you not to hold FAS over-night.  You can hold it weeks at a time if the market is trending up and you have a steel stomach.

Both uptrends are outlined in the blue boxes.  You want the Green (up) Aroon (25) to remain high with an Aroon (25) oscillator over 25.  The Wilder ADX trended up over 20 during the second rise.  You would have made 50-60% each time.  The current trend will probably last one more week until the $NASI completes it's complex top.

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