Comments on: Weekend Update… http://reddragonleo.com/2010/03/14/weekend-update-26/ Thu, 09 Sep 2010 19:27:00 +0000 hourly 1 http://wordpress.org/?v=3.0 By: monicadern http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-4802 monicadern Wed, 17 Mar 2010 08:49:41 +0000 http://reddragonleo.com/?p=1592#comment-4802 Hi, I went back and looked at these inflection points and they don't seem always to be tops or bottoms although they generally fall in the vicinity. Hi, I went back and looked at these inflection points and they don't seem always to be tops or bottoms although they generally fall in the vicinity.

]]> By: monicadern http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-4798 monicadern Wed, 17 Mar 2010 08:34:35 +0000 http://reddragonleo.com/?p=1592#comment-4798 Actually - the 888 theory might hold with SHJ bullish sentiment chart. Tomorrow (the 888 day) should be a new high with the sell off on Thursday. Note to self - leave the house and don't watch the tape tomorrow. Actually – the 888 theory might hold with SHJ bullish sentiment chart. Tomorrow (the 888 day) should be a new high with the sell off on Thursday. Note to self – leave the house and don't watch the tape tomorrow.

]]> By: Earl of http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-4801 Earl of Wed, 17 Mar 2010 07:48:13 +0000 http://reddragonleo.com/?p=1592#comment-4801 Agreed. Owning TZA while he is long one or two units hasn't worked lately. Agreed. Owning TZA while he is long one or two units hasn't worked lately.

]]> By: gcocks83 http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-4800 gcocks83 Wed, 17 Mar 2010 06:31:44 +0000 http://reddragonleo.com/?p=1592#comment-4800 If carl comes out bullish tomorrow, then I will sell my tza quickly. If carl comes out bullish tomorrow, then I will sell my tza quickly.

]]> By: monicadern http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-4797 monicadern Wed, 17 Mar 2010 05:58:26 +0000 http://reddragonleo.com/?p=1592#comment-4797 This blog is getting more interesting by the minute. Please note Springheel Jack's latest post on Hot Option Babe. Updated chart of $BPNYA. We hit the top trendline of the declining channel today. We are at or very close to the top now:<br><br><a href="http://content.screencast.com/users/springheel_jack/folders/1003/media/dc0ba85c-213a-4426-8ee9-b242a3591838/100316%2520BPNYA%2520Daily%2520Channel.png" rel="nofollow">http://content.screencast.com/users/springheel_...</a><br><br>Now, what I have noticed from this chart is that the market usually hits a top two or so days after the high on this chart which looks like it was today. That means we may have to wait until Thursday or so for a sell off. Maybe that would give us time to get UUP above 24.25 and XLF to 15.82 since we have hit most of the other containments?! But of course, that would put us beyond the 888 number Sundancer mentions. We shall see - perhaps it could be tomorrow. This blog is getting more interesting by the minute. Please note Springheel Jack's latest post on Hot Option Babe. Updated chart of $BPNYA. We hit the top trendline of the declining channel today. We are at or very close to the top now:

http://content.screencast.com/users/springheel_...

Now, what I have noticed from this chart is that the market usually hits a top two or so days after the high on this chart which looks like it was today. That means we may have to wait until Thursday or so for a sell off. Maybe that would give us time to get UUP above 24.25 and XLF to 15.82 since we have hit most of the other containments?! But of course, that would put us beyond the 888 number Sundancer mentions. We shall see – perhaps it could be tomorrow.

]]> By: Earl of http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-4799 Earl of Wed, 17 Mar 2010 04:50:38 +0000 http://reddragonleo.com/?p=1592#comment-4799 The view from Americanbulls<br><br>TNA is a BUY-IF (Buy tomorrow if conditions are right). The candlestick of today was a White Candlestick (normal buying pressure). The last two candlesticks form a Bullish Kicking Pattern. A highly reliable bullish reversal pattern. The last three candlesticks form a Bullish Morning Star Pattern. Another highly reliable bullish reversal pattern. Confirmation (tomorrow) is still recommended. <br><br>TNA was up 2.5% since the sell signal yesterday. TNA was $53.65 at the time, and closed today at $54.96.<br><br>TZA is a SELL-IF (Sell tomorrow if conditions are right). The candlestick of today was Black Spinning Top (complete indecision between the Bulls & Bears). The last two candlesticks for a Bearish Kicking Pattern. A highly reliable bearish reversal pattern. Confirmation (tomorrow) is still recommended. <br><br>TZA was down 2.7% since the buy signal yesterday. TZA was $7.37 at the time, and closed today at $7.20.<br><br>Summary: <br>Mostly likely: Sell TZA, Buy TNA tomorrow morning. <br>Also possible: no action The view from Americanbulls

TNA is a BUY-IF (Buy tomorrow if conditions are right). The candlestick of today was a White Candlestick (normal buying pressure). The last two candlesticks form a Bullish Kicking Pattern. A highly reliable bullish reversal pattern. The last three candlesticks form a Bullish Morning Star Pattern. Another highly reliable bullish reversal pattern. Confirmation (tomorrow) is still recommended.

TNA was up 2.5% since the sell signal yesterday. TNA was $53.65 at the time, and closed today at $54.96.

TZA is a SELL-IF (Sell tomorrow if conditions are right). The candlestick of today was Black Spinning Top (complete indecision between the Bulls & Bears). The last two candlesticks for a Bearish Kicking Pattern. A highly reliable bearish reversal pattern. Confirmation (tomorrow) is still recommended.

TZA was down 2.7% since the buy signal yesterday. TZA was $7.37 at the time, and closed today at $7.20.

Summary:
Mostly likely: Sell TZA, Buy TNA tomorrow morning.
Also possible: no action

]]> By: monicadern http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-2314 monicadern Wed, 17 Mar 2010 03:49:41 +0000 http://reddragonleo.com/?p=1592#comment-2314 Hi, I went back and looked at these inflection points and they don't seem always to be tops or bottoms although they generally fall in the vicinity. Hi, I went back and looked at these inflection points and they don't seem always to be tops or bottoms although they generally fall in the vicinity.

]]> By: monicadern http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-2313 monicadern Wed, 17 Mar 2010 03:34:35 +0000 http://reddragonleo.com/?p=1592#comment-2313 Actually - the 888 theory might hold with SHJ bullish sentiment chart. Tomorrow (the 888 day) should be a new high with the sell off on Thursday. Note to self - leave the house and don't watch the tape tomorrow. Actually – the 888 theory might hold with SHJ bullish sentiment chart. Tomorrow (the 888 day) should be a new high with the sell off on Thursday. Note to self – leave the house and don't watch the tape tomorrow.

]]> By: Earl of http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-2312 Earl of Wed, 17 Mar 2010 02:48:13 +0000 http://reddragonleo.com/?p=1592#comment-2312 Agreed. Owning TZA while he is long one or two units hasn't worked lately. Agreed. Owning TZA while he is long one or two units hasn't worked lately.

]]> By: gcocks83 http://reddragonleo.com/2010/03/14/weekend-update-26/comment-page-3/#comment-2311 gcocks83 Wed, 17 Mar 2010 01:31:44 +0000 http://reddragonleo.com/?p=1592#comment-2311 If carl comes out bullish tomorrow, then I will sell my tza quickly. If carl comes out bullish tomorrow, then I will sell my tza quickly.

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