The top slide is from when TZA began trading. The HA green bars were much bigger when the market was crashing in 2008. CCI went up over 100 only twice (white arrows)...back in 2008 and recently. As the market rallied in March 2009 the RSQR began trending up (i.e rose above 0.5: yellow arrow). The lower slide focuses on 2011. The white rectangle depicts TZA's recent run-up. The HA candles were long and green. CCI went up over 100 and the HA Diff (blue line) went positive. The run-up was not enough to get the RSQR to confirm a trend (i.e it stayed under 0.5). The subsequent hammers with alternating colors suggests consolidation.
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