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.
Yes, sundancer, but I am assuming that doesn't have any long term implications since it didn't hit it's containment level. I guess we have a pullback now to 1120 or so and then new highs. Oh joy.
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.
i wouldn't worry too much about .26, the sequence setup I posted this morning is much more important
Dread, DRV down 3.00 in last 10 days. What is the attraction to it. Would you do it via stock or options?
I'm expecting a squeeze into the close. If I get that, I'll probably take a real short position via DRV.
Thanks for the reminder. I do tend to forget that.
SC I did not take it that way.
Yes, sundancer, but I am assuming that doesn't have any long term implications since it didn't hit it's containment level. I guess we have a pullback now to 1120 or so and then new highs. Oh joy.
the low of 16.52 corresponded to the controlling TL on the weekly
http://www.flickr.com/photos/47091634@N04/44415…
Remember that TZA tends to take a few days to bottom out. If we have a reversal soon, you should have another chance to get in.
Yes. You are correct. I didnt mean to mislead by saying 'it's here'. I should have said 'expecting it soon'.