Monday, December 28, 2009

TZA update


An almost perfect play for move into end-of-year




Averaging about 5% per week since inception

7 comments:

Anonymous said...

what does the "5" mean?

thanks

Allan said...

The "5" signifies an ending 5th wave of an Elliott Wave 5 wave decline. The treading system does not utilize this in any way whatsoever, but I find it helpful to keep a bigger picture structure on the charts sometimes, just for my own interest.

Anonymous said...

thanks allan

Allan said...

Hourly BUY trigger is above 9.42. I am in "take all SELL SIGNALS mode, so this trade should be taken seriously as the next 45 minutes pass.

Anonymous said...

sorry to ask but what do you mean?

Allan said...

"TZA" is a triple beta bear ETF, so a "Buy Signal" on TZA is equivalent to a "Sell Signal" on the underlying index, which in the case of TZA is the Russell 2000.

I hope that is what you were asking and not, what does "Dance me to the end of love" means, because that answer would quite the undertaking.

Anonymous said...

sorry i confused you but what i meant to ask was

are you saying buy above 9.42? but the take all sell suignals confused me

thanks