The DIA 118.16 terminal de-leverage tick correlates to one of 2 TL's that held the $DJI during the asset appreciation pays the interest expense scam http://www.flickr.com/photos/47091634@N04/45806…
The 4.26.2010 high on the $DJI came 1 pt. above the white TL. It's Twin, the yellow TL is the one that correlates to 118.16. The Yellow TL is currently is in the mid 11,700's. It will be in prime territory during June & July.
hey sc. yeah, they can be tricky for sure. however, what about the person who bought TNA at 34 (when the RUT was 585) just a couple months a go. not a bad return for that fella/fellee. 🙂
Expecting deadcat bounces in the QQQQs and other indexes. But the trend has changed. The deadcat bounce will fail. We are in short the failed rally mode now.
Sorry for butting in. I do not know what you folks do over at your forum. But for the love of god, country, apple pie and motherhood and what not, please do not deploy your hard earned money in leveraged ETFs to fight a war of attrition against the prevailing market trend. It is very likely that irrecoverable damage can be inflicted in the course of an unfavourable whipsaw market.
you and me both sir…for sure. best of success to you Red. Keep up the great work. you're the highlight of the TZA/TNA board on FB. We always get a hoot out of your pictures and analysis!! have a great night.
You are welcome Bob… and I also got spanked in this brutal bullshit rally. But pay back is a bitch, and I'm going to get some money back on this sell off… that's for sure.
that is funny! i wondered where the red dragon leo came from. i thought it was just your 'funky' trading name. 🙂 it actually has real meaning. what a hoot! i did well last year 2009, and got spanked thinking there is no way it can go on…and on…and on…and on…damn, that last move from Feb 5th was brutal. i'm sure a lot of shorts got murdered! I'm looking forward to seeing 1070 or lower on the S*P! thanks for sharing sir.
Everyone that reads my blog knows that I'm a Bear. Now that doesn't mean that I won't go long, but I prefer the short side.
Here's something funny…
Herbert Hoover was the President during “The Great Depression”, and he was born August 10th, 1874, and died in 1964.
I was born on August 10th, 1964 (and of course I'm still alive), hence the “Leo” in my name… plus 1964 was the year of the Dragon, which is why I'm Red Dragon Leo.
great read red (as always)…read this too…this is an eye opener as well. i know, lots of comparisons made to 1929 over the last several months…interesting analysis nevertheless! http://market-ticker.denninger.net/ “Does Anyone Remember 1931? Of course not.”
The DIA 118.16 terminal de-leverage tick correlates to one of 2 TL's that held the $DJI during the asset appreciation pays the interest expense scam
http://www.flickr.com/photos/47091634@N04/45806…
The 4.26.2010 high on the $DJI came 1 pt. above the white TL.
It's Twin, the yellow TL is the one that correlates to 118.16. The Yellow TL is currently is in the mid 11,700's. It will be in prime territory during June & July.
hey sc. yeah, they can be tricky for sure. however, what about the person who bought TNA at 34 (when the RUT was 585) just a couple months a go. not a bad return for that fella/fellee. 🙂
Expecting deadcat bounces in the QQQQs and other indexes. But the trend has changed. The deadcat bounce will fail. We are in short the failed rally mode now.
Sorry for butting in. I do not know what you folks do over at your forum. But for the love of god, country, apple pie and motherhood and what not, please do not deploy your hard earned money in leveraged ETFs to fight a war of attrition against the prevailing market trend. It is very likely that irrecoverable damage can be inflicted in the course of an unfavourable whipsaw market.
Dreadwin, Nice chart. I can see why you bought DRN.
Good Luck!
you and me both sir…for sure. best of success to you Red. Keep up the great work. you're the highlight of the TZA/TNA board on FB. We always get a hoot out of your pictures and analysis!! have a great night.
You are welcome Bob… and I also got spanked in this brutal bullshit rally. But pay back is a bitch, and I'm going to get some money back on this sell off… that's for sure.
that is funny! i wondered where the red dragon leo came from. i thought it was just your 'funky' trading name. 🙂 it actually has real meaning. what a hoot! i did well last year 2009, and got spanked thinking there is no way it can go on…and on…and on…and on…damn, that last move from Feb 5th was brutal. i'm sure a lot of shorts got murdered! I'm looking forward to seeing 1070 or lower on the S*P! thanks for sharing sir.
Everyone that reads my blog knows that I'm a Bear. Now that doesn't mean that I won't go long, but I prefer the short side.
Here's something funny…
Herbert Hoover was the President during “The Great Depression”, and he was born August 10th, 1874, and died in 1964.
I was born on August 10th, 1964 (and of course I'm still alive), hence the “Leo” in my name… plus 1964 was the year of the Dragon, which is why I'm Red Dragon Leo.
Isn't that strange?
great read red (as always)…read this too…this is an eye opener as well. i know, lots of comparisons made to 1929 over the last several months…interesting analysis nevertheless!
http://market-ticker.denninger.net/ “Does Anyone Remember 1931? Of course not.”