XLE - look for oversold/overbought strategies in range bound markets. Here's a good example of XLE chopping around but not in an overly volatile way since it's just an ETF - more conducive to the EOD trader. Experiment with different configurations of RSI, CCI, etc. that are good for identifying opportune times to sell strength and buy weakness.
Sunday, January 25, 2009
Profit from the chop
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