yeah way more than that, but i only take setups on a pure statistical basis that have extremely high odds
many of my statistical studies are reversal based so probability tells me capital allocation and max contain pts. give me a idea of the max extension of a move
Sundancer
Cant read your chart – where is the tgt above?
thx
You are killing me Earl! Say it isn't so! You have been right unfortunately.
$RUT 720?
TZA closed down 0.6% today.
We are in a New Moon Trade (favors TZA).
[ After four days, this trade is DOWN 9.8% ]
(In the recent past, moon trades has been in the area of 10% down, only to bounce back to near even by the end of the trade.)
Volume today for TZA has been roughly the same these past 4 days (each of the 4 days lower than any of the the previous 20 days).
RVX (VIX for RUT) closed 0.6% higher, breaking a string of 7 lower days in a row.
TZA has now been down eight days in a row.
Ultimate Oscillator was 20.81 today — oversold.
Overall, it looks like TZA might fall again on Monday.
SPY daily chart
http://www.flickr.com/photos/47091634@N04/43706…
currently sitting on a springboard
Carl's projections on /ES
1093-1107 todays estimated range (14 point range)
1098-1111 todays actual range (13 point range)
Carl was 4-5 points low on the top and bottom, but got the range right. Not too bad.
Carl posted no trades today.
I'm all cash for the weekend. TZA is getting irritating.
Alright, thanks.
yeah way more than that, but i only take setups on a pure statistical basis that have extremely high odds
many of my statistical studies are reversal based so probability tells me capital allocation and max contain pts. give me a idea of the max extension of a move
Sundancer, does your statistical analysis still make you right more than 60% of the time? from what I can tell so far, you have been very accurate.