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... dreadwin

I think you'll get another shot tomorrow. The MACD on $RUT is closer to “closing the loop” than $DJUSRE is. But there is still room for an insane price surge. Look for a long tailed doji tomorrow. If we don't get that, then I have no idea what is going on 🙂

... monicadern

Yes, but are you suggesting the sequence setup could indicate a long term top or do you think it is just an interim top? I need to decide now whether I cover on a decent pullback or stick with my original conviction that we are at a long term top. Regardless of how you answer though, I will not pin my final decision on you.

... gcocks83

Also if they are going to vote on healthcare this weekend. They may sell this market on Friday.

... gcocks83

That is a wild card for certain.

... dreadwin

I might. It's hard to say. DRV was up about 3% since the earlier 52-week low. I think there will be at least one more chance to get in by the close today or maybe tomorrow am. Like with TZA, it tends to take a few sessions to top out. The only thing that has me worried is opex.

... Earl of

I'm no longer pretty sure we see a squeeze into the close.

TZA is bouncing back (figures).

... gcocks83

so if we trade down into close you will pass?

... dreadwin

DRV is the 3x bear real estate. $DJUSRE is outside of the upper BB right now. It closed yesterday outside of the upper as well. Volume in DRV was highest ever, yesterday. Looks like it is putting in a doji today, which is not what I had hoped for. I'm not messing with options for the time being.

... sundancer390

i wouldn't worry too much about .26, the sequence setup I posted this morning is much more important

... gcocks83

Dread, DRV down 3.00 in last 10 days. What is the attraction to it. Would you do it via stock or options?