CHAPTER 3
The Top-Down Strategy
With so many types and families of exchange-traded funds (ETFs), it could be difficult to select the ones offering the best profit potential. In this part of the book, you will learn a concise, top-down system of technical analysis that simplifies the decision process and increases your probability of a successful trade. The beauty of my top-down strategy for selecting and trading ETFs lies in its simplicity. When day trading was in vogue in the late 1990s, traders were obsessed with finding the magic bullet that would give them the highest possible level of accuracy in their daily trading decisions. Bollinger bands, oscillators, and the moving average convergence divergence (MACD) are just a sampling of the ...
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