The bullish candlestick pattern in TZA is still intact, and the bullish candlestick pattern in $RVX is still intact (did a gap fill of the gap created yesterday). $RUT is lagging the $SPX today, which is a bad sign for $SPX.
Time Time Time… dilutes peoples perspective relative to price level
We're 6 months into going nowhere and it's worn many traders out, but this behavior isn't anything new to the $SPX. I've put together a weekly chart illustrating the markets tendency to rest over time.
thanks dread.
Yes, true. When you have a position, waiting any time is torture. I personally can't handle another 3 months of this.
The bullish candlestick pattern in TZA is still intact, and the bullish candlestick pattern in $RVX is still intact (did a gap fill of the gap created yesterday). $RUT is lagging the $SPX today, which is a bad sign for $SPX.
Time Time Time… dilutes peoples perspective relative to price level
We're 6 months into going nowhere and it's worn many traders out, but this behavior isn't anything new to the $SPX. I've put together a weekly chart illustrating the markets tendency to rest over time.
http://www.flickr.com/photos/47091634@N04/44390…
moving day comes when the market has put to sleep everybody and then before traders realize it, the market is at it's next destination.
You did suggest that. I didn't take it, as I didn't want to add more TZA while underwater on the trade.
I'm out of TZA now, and that price might just come back.
Looks from below that he sold it.
But UUP hasn't broken through containment either.
I suggested (yesterday) that you'd have an opportunity to buy TZA on the dip today. Did you take it?
AAPL still hasn't broken the 227 number.
Sundancer, thoughts?