Comments on: Are We There Yet?

By: monicadern

monicadern — Thu, 11 Mar 2010 07:10:04 +0000

I think Sundancer knows!

By: Red Dragon Leo

Red Dragon Leo — Thu, 11 Mar 2010 07:08:14 +0000

I don't think anyone knows where the final top is? I suspect he meant the short term top.

By: monicadern

monicadern — Thu, 11 Mar 2010 07:05:47 +0000

THE top or an interim top, you think?

By: Scraoppy

Scraoppy — Thu, 11 Mar 2010 05:21:27 +0000

Sundance – are you saying when XLF hits $15.82 – that would be a sign of market top?

thanks

By: sundancer390

sundancer390 — Thu, 11 Mar 2010 04:25:55 +0000

XLF won't hit this number until ***the top*** time wise, for those that don't trade the XLF it will be a good point of synergy relative to other sector price levels

By: sundancer390

sundancer390 — Thu, 11 Mar 2010 04:22:17 +0000

yes and given the action over the past 3 days a reaction for a couple days is likely, the $SPX 1131.56 gap is the first stop

By: gcocks83

gcocks83 — Thu, 11 Mar 2010 04:19:23 +0000

Do you give that any merit to the current move.

By: Earl of

Earl of — Thu, 11 Mar 2010 04:13:33 +0000

The view from Americanbulls

TNA is a HOLD (wait for a possible SELL-IF signal after the close on Thursday, for a possible sell at some point Friday). Today was a White Candlestick, indicating a normal up day.

TNA is now up 46% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $53.70.

TZA is a WAIT (wait for a possible BUY-IF signal after the close on Thursday, for a possible buy at some point Friday). Today was a Black Candlestick, indicating a normal down day.

TZA is now down 33% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.37.

Summary: The candles today changed nothing.

By: Earl of

Earl of — Thu, 11 Mar 2010 02:43:59 +0000

TNA opened up 0.3%. 7th up opening in 8 days. Left a 5 cent gap and was up 4.1% at the high. TNA closed up 2.5%.

We are in a Full Moon Trade, which favors TNA.
After eight days, this trade is up 23.9%.

Volume for TNA was fairly high (highest in 20 trading days)

$RVX (VIX for $RUT) closed 2.3% higher with TNA up 2.5%. 3rd divergence in a row, as these normally go in different directions.

TNA has been up 19 of the past 21 days.

The high for TNA today was $54.56, highest high since November of 2008

Ultimate Oscillator for TNA peaked at 78 twelve trading days ago and has generally fallen since then but has remained above 50 and is currently 64. Indicating continued strength for TNA. There was a divergence as the Ultimate Oscillator dropped nearly 5 points while TNA rose 2.5%, but that sort of divergence happened last week and TNA continued to rise. Three days in a row for this divergence, but the size of the divergences is growing. Surely, this means TNA is in thin air here, and may fall soon.

Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed higher & farther from the lower band and the lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX is rising, bad for TNA. This very thing happened last week and TNA kept rising. 3rd day in a row for this. Thin air.

Bollinger Bands for $RUT: The white candle for $RUT rose along side the rising upper Bollinger Band, indicating that $RUT is rising. Good for TNA.

Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle dropped, the 3nd such drop in 11 trading days, and 3rd day in a row. Not sure what to make of this. Perhaps this indicates TNA might drop tomorrow (same warning for 3 days now).

Overall, it looks like TNA continues to distance itself from any congestion and might continue rising tomorrow. Divergences keep stacking up to the point of weird, but TNA keeps rising.

By: sundancer390

sundancer390 — Thu, 11 Mar 2010 02:34:58 +0000

XLF has a date with $15.82
http://www.flickr.com/photos/47091634@N04/44234...