Bought more TZA, along with TYP & DRV (shorting Russell 2000, Tech & Real Estate). $NASI had another nice down day. TNA layed down a second red Elder Impulse bar today. DRV layed down a 3rd White Brick on 3LB today. TYP layed down a 2nd White Brick on 3LB today.
Pictured is the Nest of the Montezuema Orenpendola (sighted in Belize). No extravagant teaser mortgage...it's paid for...
I think we are going down from here. Just to be on the safe side I am waiting 1-2 more days to go short but my system already gave me a "sell" signal.
ReplyDeletehttp://babaro22.blogspot.com/
I know. I've been reading your blog everyday. You're point about the intermediate trend is well taken. The Weekly TNA chart is still Bullish by the momentum/trend indicators that I use. The RSQR may be rolling over (i.e. loss of uptrend), but we'll see by the end of the week. Would need the TSI to roll over and the AO to turn red to get a Sell. I like to get out early and slowly go in when I pick up a trend change. Those 3x ETFs can eat you alive...
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