last night i was looking for a 6-9 pt gap based on 3 inputs and we got a 11 pt gap
the same 3 inputs gives me a 13-17 pt gap potential given the closing setup, the way to read this output is the closing conditions of the market are fertile for above average volatility of the following open
if the SPY gap is above 109.03, it'll be a squeeze until 110.34 (crash gap 9/29/2008) some dancing around there for a while, maybe a days worth of dancing but that level will fall also
The close of the market today ended this Full Moon Trade. [ After eleven days, this trade is UP 0.8% ]
The New Moon Trade, generally a positive for TZA, has started.
RVX (VIX for RUT) spiked up at the open, then fell all day, closing 1.2% lower.
TZA has been down four days in a row, the last two days with large red candles. Overall, it looks like TZA should fall again on Tuesday.
However, the switch from one moon trade to the other has in the past shifted the momentum of TNA & TZA, so the expectation is instead for an up day for TZA.
if there is a gap up, it will be a big one remember the gap window from 2/4/2010 is @ 109.03 once the futures start to penetrate that area it will be an avalanche of people trying to unwind short positons
there's a 4% chance of a gap down, but it would take a monster gap down to get below the controlling tendline on the daily, http://www.flickr.com/photos/47091634@N04/43517… until there is a gap below that trendline no selling will stick
numbers are derived from data mining
last night i was looking for a 6-9 pt gap based on 3 inputs and we got a 11 pt gap
the same 3 inputs gives me a 13-17 pt gap potential given the closing setup, the way to read this output is the closing conditions of the market are fertile for above average volatility of the following open
if the SPY gap is above 109.03, it'll be a squeeze until 110.34 (crash gap 9/29/2008) some dancing around there for a while, maybe a days worth of dancing but that level will fall also
Sun, What do you think if we gap up and fill. Then what?
Thanks Earl
TNA closed up 2.2% today.
Volume today for TNA was normal.
The close of the market today ended this Full Moon Trade.
[ After eleven days, this trade is UP 0.8% ]
The New Moon Trade, generally a positive for TZA, has started.
RVX (VIX for RUT) spiked up at the open, then fell all day, closing 1.2% lower.
TZA has been down four days in a row, the last two days with large red candles. Overall, it looks like TZA should fall again on Tuesday.
However, the switch from one moon trade to the other has in the past shifted the momentum of TNA & TZA, so the expectation is instead for an up day for TZA.
if there is a gap up, it will be a big one
remember the gap window from 2/4/2010 is @ 109.03
once the futures start to penetrate that area it will be an avalanche of people trying to unwind short positons
there's a 4% chance of a gap down, but it would take a monster gap down to get below the controlling tendline on the daily, http://www.flickr.com/photos/47091634@N04/43517…
until there is a gap below that trendline no selling will stick
Are saying a gap up 13-17 points next Tuesday?
Hello sundancer390
Is the 390 for 390 million?
how to you come to such conclusions
In TZA at 10.08 after hours, starter
Holding over the long weekend
SPY closed 108.38 @ 4:15 est futures closing