An A Priori Argument Against the Technical Analysis of Leveraged ETFs
One of the trading myths we noted recently has generated some questions. There seem to be some passionate proponents of applying technical analysis to leveraged ETF charts out there, and while that notion has already been debunked elsewhere, we thought we’d take a different approach, just for fun. Here’s an argument in favor of technical analysis based on support and resistance. Define “support and resistance” however you wish, as long as the definition has to do with price behavior driven by buyers…
Tuesday, February 10, 2009
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