Triple leveraged ETF's are volatile. Kagi, 3 Line Break & Renko all identified the Complex $NASI top and subsequent correction that occurred between May 11th & July 13th. TNA's price at the close of 3/11/09 was 12.27 (figure it took 2 days to confirm that the trend reverted to up). TNA's price on 8/28/09 (the day after the most recent complex top began) was 40.31. A buy & hold strategy would have yielded 228.52%. TNA's closing price was 26.7 on 5/12/09 (the day after the 5/11 complex top began). TNA's closing price was 25.56 on 7/14/09 (one day after the correction was completed and the $NASI turned back up). Selling TNA once the May Complex Top began, repurchasing TNA once the correction was completed, and selling TNA ON 8/28/09 would have yielded 237.82%. Nine per cent more and two months of free cash without all that volatility.
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