Wednesday, March 14, 2012

Hot Tip du Jour: "Buy China and go away" (YINN; YANG)

YINN/YANG are a couple Direxion triple levered China ETF's (YINN's the bull).

DO NOT USE LEVERAGED ETF's FOR A BUY-and-HOLD STRATEGY!

On to Alpha Global Investors:

Shanghai SSE Comp Index weekly chart ;
1) Higher lows (versus low of 2009)
2) Key levels (see blue circles)
3) Recent break below that blue circle = Probable fake move !
4) Focus on those light green arrows , buy the break outs, pyramid up only !
He headlined the post  "Buy China and go away" not me. I'm climbing a binomial tree with stops so tight they squeak.