Thursday, November 12, 2009

TZA turns down



The Sell trigger of 12.04 shown on the previous chart was penetrated decisively, causing the model to flip SHORT.


A

8 comments:

Anonymous said...

Allan, you system has been whipsawed today...

That could be the case for many excellent setup normally works but not anymore now...i will take that as a sign that we may finally turned the corner. by that, i mean market is going down finally...

Anonymous said...

did it go long at 12.20 and exit/short at 11.91 ???

Holly20 said...

Thanks, Allan. Good to have your confirmation.

Allan said...

The trades to date, all four of them, are typical of a choppy whipsaw period. These always, always, end up yielding to an excellent trending period with stellar gains. It's the nature of this kind of trading system. Reserve judgment, you will be pleasantly surprised.

Anonymous said...

allan

at what point will you be shorting the market

Allan said...

when the market trend turns down

Anonymous said...

Allan,

You have email we may contact you with if we have trade ideas/enhancements for system?

Your ideas are much appreciated.

I realize your a busy hedge fund guy etc. so wouldn't be offended if you thought this prospect would create 'too much information'.

Thanks
Lucky

Allan said...

Lucky,

Feel free to post you ideas in these comments or if you prefer, email me at apharris@mac.com.