DRV got a huge boost today because of the successful Fed auction and (therefore) $TNX getting whacked. I would love to get long DRV again, as it gave a BB buy signal with yesterday's and today's price action. Let's see what tomorrow's candle looks like.
From that chart, it looks like there was a quick push down, then sideways for the next 3 days… then a huge dump!
I was thinking of going short again today, but I chickened out. Maybe it will pop tomorrow before dropping, and I'll get another shot at getting further short?
I did notice that most of the big drops were on Wednesday or Friday… of course that's just the last 5 drops, and not a whole lot of data to compare it too.
Alphahorn's wave count is that we're just about to begin 3 of 5 up, and we just concluded 2 of 5 today. He is quite confident that 1200 will be reached.
SC, I would wait until next week to give notice.
Earl, +10 ROFLOL!!!!
U mean pee pee indicator
30 year auction tomorrow. Could change things.
DRV got a huge boost today because of the successful Fed auction and (therefore) $TNX getting whacked. I would love to get long DRV again, as it gave a BB buy signal with yesterday's and today's price action. Let's see what tomorrow's candle looks like.
It does look like Carl called it right today. Bounced right at his low of the day. If he is right about tomorrow, up we go.
After much thought on the subject, I got rid of my TZA and DRV. All cash again.
You sure its Pee3 not X3? 🙂
I like Alphahorn, but I think he's wrong on this call. I think too many people are expecting 11,000 dow and 1200 spx… and that's why it won't happen.
From that chart, it looks like there was a quick push down, then sideways for the next 3 days… then a huge dump!
I was thinking of going short again today, but I chickened out. Maybe it will pop tomorrow before dropping, and I'll get another shot at getting further short?
I did notice that most of the big drops were on Wednesday or Friday… of course that's just the last 5 drops, and not a whole lot of data to compare it too.
Alphahorn's wave count is that we're just about to begin 3 of 5 up, and we just concluded 2 of 5 today. He is quite confident that 1200 will be reached.
http://alphahorn.blogspot.com/2010/04/correctio…