Nice chart Monica… thanks for the link. I do wonder if they stage some event or release some really bad news over this 3 day weekend?
Looks like Sun is thinking the high will be in on this Thursday or possibly Monday, so that's some good news at least. I'm really debating on whether or not I want to go short this Thursday… expecting something to happen over the weekend, or wait until Monday so I don't get killed on a possible rally like most Mondays' have.
Those instruments are slaved to the underlying index. Thus, analyzing the underlying index would yield better insight. Supply and demand pressure on these instruments can only result in transient distortion.
SC, you may be right and I have heard that before but again it's an instrument, just like a stock (to me a stock isn't really a company), so it's all about human psychology and how it plays into that instrument. From studying Dread's charts, I do think he has an edge. But my technical skills are lacking so who knows.
I posted a chart, with notes on what I expect to see. If this is a bottom, you'll have another chance to buy TZA under 6.80 by the end of the day on Thursday.
Nice chart Monica… thanks for the link. I do wonder if they stage some event or release some really bad news over this 3 day weekend?
Looks like Sun is thinking the high will be in on this Thursday or possibly Monday, so that's some good news at least. I'm really debating on whether or not I want to go short this Thursday… expecting something to happen over the weekend, or wait until Monday so I don't get killed on a possible rally like most Mondays' have.
Those instruments are slaved to the underlying index. Thus, analyzing the underlying index would yield better insight. Supply and demand pressure on these instruments can only result in transient distortion.
Pocomotion on http://www.etf-corner.com posted this. If you haven't already seen it, I think it's worth looking at:
http://content.screencast.com/users/acousticsol…
SC, you may be right and I have heard that before but again it's an instrument, just like a stock (to me a stock isn't really a company), so it's all about human psychology and how it plays into that instrument. From studying Dread's charts, I do think he has an edge. But my technical skills are lacking so who knows.
Thank you Dread.
Bullshit
My opinion is that chart pattern analysis on leveraged instruments does not yield useful information.
Dreadwin,
Nice Chart.
50% Fails. 3 of the last 4 failed.
Makes me a bit nervous trying to get on the right side of it.
Didn't look like I missed anything today… again. Glad I'm still in cash now, what little I have left.
I posted a chart, with notes on what I expect to see. If this is a bottom, you'll have another chance to buy TZA under 6.80 by the end of the day on Thursday.