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

A 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

A 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?

A 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