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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (10651)9/28/2010 7:56:21 PM
From: Hawkmoon  Read Replies (1) | Respond to of 222570
 
I've been playing TZA, which is the 3x bear ETF for the RUT.

Made some good money this summer, but I've been on the sidelines over the past few weeks.

It appears it's going to continue downward since it's made a new 52 week low, but I'm looking for a bottom around $25.

It's a nice trader, if you're nimble.

Hawk



To: GROUND ZERO™ who wrote (10651)9/28/2010 11:00:38 PM
From: briskit  Read Replies (2) | Respond to of 222570
 
I just took a long position a couple weeks ago and still hanging on. Glad to hear about the 3x bear side too.



To: GROUND ZERO™ who wrote (10651)9/28/2010 11:12:43 PM
From: Wayners1 Recommendation  Read Replies (1) | Respond to of 222570
 
I like the concept and the movement and love small cap stocks that are movers. Are you asking about direction? All this stuff basically follows the same direction as you know, it's just that the magnitudes of the moves change. Leading stocks in serious uptrends and really high +90 relative strengths go flat or dip slightly when say SP500 corrects, while mediocre stocks, or stocks in downtrends already, get creamed.

I also believe that financials lead. You can use either JPM or GS, but run a chart comparing them to the SP500 and you will see that JPM and GS turned down before the SP500 did by several days to five days.

finance.yahoo.com



To: GROUND ZERO™ who wrote (10651)9/29/2010 1:00:46 AM
From: Wayners  Respond to of 222570
 
Also the dollar is right at the support level lows of Mar/Apr...and any strengthening will rattle stock markets IMO.