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 🙂
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.
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.
They said on good morning America this morning that a decision was to be made in 72 hours.
Sell the news. I think they wait for it to pass. It could be weeks before they finally find a way to pass it.
Or months. They don't seem to be able to pass it or quit trying.
Why would they sell the market off before the healthcare plan is passed? I would think they would hold it up until the plan was passed, no?
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 🙂
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.
Also if they are going to vote on healthcare this weekend. They may sell this market on Friday.
That is a wild card for certain.
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.
I'm no longer pretty sure we see a squeeze into the close.
TZA is bouncing back (figures).
so if we trade down into close you will pass?