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From: ninjaninja (Rep: 339) reply to maybeDate: 03/15/2017 15:56
Forum: Direxion Daily Junior Gold Mine - Msg #1561Thread #673913984 (Rec: 0)
Re: slicing thru 5d, 10d ema's testing 21d ema. Re: beast.

really I don't know. lol. I'm just playing the ETF, like I'd play a stock. making my moves based on that. I do know u don't stay long in a 3X ETF though.



Reply to maybe - Msg #2665930 - 03/15/2017 15:54

Re: slicing thru 5d, 10d ema's testing 21d ema. Re: beast.

Correct me if I am wrong, but, while I totally understand that if a triple leveraged ETF is slicing through any technical that the underlying stocks within the ETF are, so saying that is, if nothing else, a euphemism. But to say a triple leveraged etf is slicing through technicals is somewhat of a misnomer because ETFs are not in large part affected by buyers and sellers of the ETF itself.

I am not asking to nitpick what you said, I am asking to make sure I understand the ETF correctly.
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