Looks like I may be selling my TZA shortly. Just not working today. It's above the pivot ($7.39) but has been sneaking under it. I suppose I could wait for the close to decide, but it could fall like a stone at days end. Bah.
I've seen Carl try to short the market many times. He gets burned often, even when he's right. He stayed away from shorting the January to February down move, just waited for the right time to go long. I can't imagine he'll try to short a 20 point move.
if the $SPX happens to close over 1143.96($SPX open today) then the $SPX will have 6 consecutive higher closes than opens and in the last 12 months the $SPX hasn't had more than 6 consecutive higher closes than opens
The other possibility I see is one last mad upthrust in $RUT to 680ish.
Looks like I may be selling my TZA shortly. Just not working today. It's above the pivot ($7.39) but has been sneaking under it. I suppose I could wait for the close to decide, but it could fall like a stone at days end. Bah.
I think you're in the right ETF.
Unless we see some shenanigans very soon, I think this $RVX move is real. Needs to cross 50 with authority to confirm.
http://www.screencast.com/users/dreadwin/folder…
Carl sold both units at 1137.50
Carl added Long second unit at 1139.75
Thanks Dreadwin
I'm in TZA — not loving it.
I've seen Carl try to short the market many times. He gets burned often, even when he's right. He stayed away from shorting the January to February down move, just waited for the right time to go long. I can't imagine he'll try to short a 20 point move.
Carl is long one unit at 1140.50 – going with the flow
yes,
if the $SPX happens to close over 1143.96($SPX open today) then the $SPX will have 6 consecutive higher closes than opens and in the last 12 months the $SPX hasn't had more than 6 consecutive higher closes than opens
Looks like we closed in the direction of the gap. Assuming the same happens, that would mean we close down today.