While the results may vary, I think this is a high probability setup. It should be possible to get 15-30% using DRV if you can time the top of the doji. It's gotta be close. Really close.
TNA is a confirmed BUY today. TNA is available now for $55.93 in the after hours session. AmericanBulls recorded their buy at $55.36 (opening price). The candlestick of today was a White Candlestick (normal buying pressure).
TNA was up 3.6% since the sell signal two days ago, using AmericanBulls price points.
TZA is a confirmed SELL today. TZA can be sold for $7.05 now in the after hours session. AmericanBulls recorded their sale at $7.14 (opening price). The candlestick of today was Black Spinning Top (complete indecision between the Bulls & Bears).
TZA was down 4.3% since the buy signal. The buy was at $7.37, and the sell at $7.05 using after hours prices available when the signals were confirmed. AmericanBulls has this at down 3.9%, using their buy and sell points.
In this particular situation, the difference between the buy and sell points as calculated by AmericanBulls and those price points available after hours once the buy and sell signals were confirmed was: 10.3%. Sounds like a really big number, but it’s only one trade, and really need quite a few trades to see how this looks longer term.
I like to post charts too, trying to forecast the coming future moves, but that's about worthless now. So, I go back to just telling people my thoughts…
Red I agree with you. Think of it using TA to screw bears is very profitable.
But people were screaming foul when world war 2 times a bull rally started on the same day when battle of Stalingrad started. On the same day bear market started in Germany.
Now we know that was the turning point of WW2.
May be markets have a way of knowing what is going to happen in future which we do not understand. So we should be humble and follow the tape.
Even we assume that it is manipulated so what.
Price pays… Fundamentals/smartness/truth/logic/wisdom do not….
I am bear by heart. I live in south California. I can see financial disasters all over the place. There is no logic why market should go up at all…..
That is the point when you should be humble. Remember market and god works in mysterious ways. and you shall have faith. and when you see miracle then you shall yield….. If you see Jesus walking on the water, do no scream foul and it is against the laws of physics…. Be humble and faithful…
http://www.screencast.com/users/dreadwin/folder…
While the results may vary, I think this is a high probability setup. It should be possible to get 15-30% using DRV if you can time the top of the doji. It's gotta be close. Really close.
That's a good position.
TZA looks awful.
TNA must therefore look wonderful. But a gap and go at this point in the rally has me thinking exhaustion gap.
Or just a powerful unending rally.
Nope
Earl, Do you own anything?
The view from Americanbulls
TNA is a confirmed BUY today. TNA is available now for $55.93 in the after hours session. AmericanBulls recorded their buy at $55.36 (opening price). The candlestick of today was a White Candlestick (normal buying pressure).
TNA was up 3.6% since the sell signal two days ago, using AmericanBulls price points.
TZA is a confirmed SELL today. TZA can be sold for $7.05 now in the after hours session. AmericanBulls recorded their sale at $7.14 (opening price). The candlestick of today was Black Spinning Top (complete indecision between the Bulls & Bears).
TZA was down 4.3% since the buy signal. The buy was at $7.37, and the sell at $7.05 using after hours prices available when the signals were confirmed.
AmericanBulls has this at down 3.9%, using their buy and sell points.
In this particular situation, the difference between the buy and sell points as calculated by AmericanBulls and those price points available after hours once the buy and sell signals were confirmed was: 10.3%. Sounds like a really big number, but it’s only one trade, and really need quite a few trades to see how this looks longer term.
Summary: Sell TZA, Buy TNA.
I like to post charts too, trying to forecast the coming future moves, but that's about worthless now. So, I go back to just telling people my thoughts…
Nice name by the way!
USO 2nd backtest of TL
http://www.flickr.com/photos/47091634@N04/44411…
USO is giving clues…
Red I agree with you.
Think of it using TA to screw bears is very profitable.
But people were screaming foul when world war 2 times a bull rally started on the same day when battle of Stalingrad started. On the same day bear market started in Germany.
Now we know that was the turning point of WW2.
May be markets have a way of knowing what is going to happen in future which we do not understand.
So we should be humble and follow the tape.
Even we assume that it is manipulated so what.
Price pays…
Fundamentals/smartness/truth/logic/wisdom do not….
I am bear by heart. I live in south California. I can see financial disasters all over the place. There is no logic why market should go up at all…..
That is the point when you should be humble.
Remember market and god works in mysterious ways.
and you shall have faith.
and when you see miracle then you shall yield…..
If you see Jesus walking on the water, do no scream foul and it is against the laws of physics…. Be humble and faithful…
for faithfuls are rewarded…..
Amen….
Thanks Earl.