Wednesday, September 3, 2008

Interview w/ Dan Zanger

Attached are interviews with Dan Zanger from http://www.chartpattern.com/cf/index.cfm. Its about 3 years old but the principles he talks about are priceless. Always invest in the leaders. Granted, he took some serious risks (shorting ebay before their earnings report), but they all played out in his favor. The greater the risk, the greater the reward. To sum it up, he's the ultimate momo investor. Not many people can say they made $3.2 million dollars trading in one day.

Part I:

http://video.google.com/videoplay?docid=7710736047622561973

Part II:

http://video.google.com/videoplay?docid=-8202422563036820659&q=dan+zanger

Part III:

http://video.google.com/videoplay?docid=2623777107662847866&q=dan+zanger

US Dollar Up ETF (UUP)

The dollar moves inversely with the price of oil. Oil goes down, dollar goes up. Pretty simple. Broke out to new highs yesterday on tremendous volume, showing strength. 2nd gap up; notice that it didn't fill the first one.