TRADING TNA and TZA ONLY Message Board

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Strategies & Market Trends : TRADING TNA and TZA ONLY

TNA 46.72

+1.7%

Oct 31 5:00 PM EST

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To: TREND1 who wrote (28)	10/21/2014 3:32:01 PM
From: stuffbug	Read Replies (2) of 58

Trend, Intra-day chart is approaching the top of its trading band. Would not be surprised to see a correction back towards the 61 area. On the daily chart, TNA is entering a solid band of resistance. All the emas from 30 through 60 are between 64 and 67.5. This band often proves to be significant support and resistance. For example, after the spring correction, in late May TNA punched through this band (which, at 68.25 - 70.5 was narrower than the current band) but then corrected for a week before resuming its up trend. On the other hand, this has been a very powerful four day rally - maybe it just keeps ploughing ahead.

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