Backtesting the 20 DMAs – 021408

The market’s done a dandy job of slowly trading out of a bottom this week. Today’s pullback looks like a retest of the 20 day moving averages. You can’t expect green every day.

I sold Ultra longs yesterday. Shorted some gold early today. Covered… and took the Ultra longs again… SSO QLD. 200 ma’s are working well.. especially on the smaller time frames, as pivot points, or areas of hesitation. One of my favorite indicators.