SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (15784)4/10/2014 2:31:39 PM
From: Hawkmoon  Read Replies (2) | Respond to of 33421
 
like the purchase of TZA.......
Yeah.. it's my biggest position right now. With more cash available after I see it hit $21..

If we compare the monthly charts of TNA, or IWM, to TZA, we see some serious upside for TZA..

TNA's 20 Month MA is at $55. And that STILL keeps the uptrend in place. Theoretically it could retreat to $40 and NOT break the uptrend in the Russell 2000.. That's how overbought it currently is..

bigcharts.marketwatch.com

So what would a TNA retreat to $55 do to TZA? It SHOULD take it up to at least $35..

bigcharts.marketwatch.com

Hawk



To: John Pitera who wrote (15784)4/10/2014 9:27:19 PM
From: Davy Crockett  Read Replies (1) | Respond to of 33421
 
Thanks John,

I exited my Gold trade today. I should've remembered that when the markets break down, just about everything breaks down... including Gold.

Sometimes when I'm peering at Gold/silver charts, I must remember to remove my Gold bias from the equation.

In the next few days, if we get a bounce I will be adding to the inverse (short position) ie: TZA


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News