Friday, September 23, 2011

Daily TZA









The top right chart had a DeMark 3 Rising Closes Buy (green box) on 9/20. TZA broke through the Bullish Flag on 9/21 and signalled a partial MTI Buy on 9/22 (i.e. CCI>100, green AO, white KH, rising TSI, but a RSQRed saucer was not formed).
The left top chart is HA which flashed a TZA buy on 9/22. The CCI rose over 100 and the HA Diff remained positive. See: http://instigator928.blogspot.com/2011/06/ha-diff-tracks-cci.html
The TZA Elder bar is now green and trading above the cloud in conjunction with a positive MACD histogram. The blue MA needs to cross up above the red MA, and the Aroon Oscillator needs to turn positive.
TZA Renko, 3LB, Kagi and P&F are all bullish for TZA.
The equivolume chart shows that TZA broke out of consolidation (i.e. CCI>100) on volume and then pulled back to the EMA3 today. This is a good entry point for TZA utilizing a Stop Market order as per Arm's book. See: http://instigator928.blogspot.com/2011/03/scaling-into-lng-with-stop-market-order.html.
TZA is trading above the 138 day MA (~30 week MA) which is a Weinstein Stage 2 Buy. See: http://instigator928.blogspot.com/search?q=weinstein

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