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Thanks. FWIW, I can see that TZA should go to $34.50 at a minimum over the next couple of days. Could make it today, but I'm 80% certain it will get there...thats like another 4 to 5% from here.

Still holding...my indicators say to stay short for the swing.

Here's the thing. I'm pretty sure the markets are swinging downward, so TZA and EDZ should be good for a few days. EDZ and TZA on average, do equally well. But EDZ is lagging. In my mind, that means there's a pretty decent chance that EDZ is going to gap up pretty hard tomorrow. If you...

I'm real short. I have nothing but EDZ and TZA now. I'm pretty sure markets are going to tank from here for the next few days.

Thanks. Looking like things will continue to erode...bears appear to be taking over. If we end the day near where we started (or lower), I think we're in for a couple days at least of downward movement for the markets (or up for EDZ and TZA). I've exited all long positions...way too risky...

Stuck my toe in the water and bought some EDZ. I think the markets are beginning to turn down, but I can't confirm that until we get a big move down, or if this price holds until the end of the day.

Based on Bollinger bands, they are now more oversold than they have been in 4 months.

I did, and made out good...but I also bought some BIIB, and it really tanked late on Friday before I unloaded it. Killed much of my gains. At this point, the markets are pretty oversold, and I'm waiting to see if there is more propellant...it will take a lot of propellant to get price to...

Indicators on FAS and TNA now pointing up. Looking like the start of a 2 to 3 day move if we hold this gain.

Almost...I was sorely tempted to buy TZA yesterday in anticipation of my indicators turning up (i.e., before they did). Glad I didn't! Futures up now (Thursday), so I'm hoping my long positions I did hold will rebound. This dovetails with my theory that we were starting to rally and then...

I don't know if we're going down. The market is looking for direction, and hugging the midline of the bollinger band. I think it was trying to make an upward move...which was in it's infancy....a 3 to 7 day cycle up...but Bernanke kicked it in the stomach and temporarily stunned it. The...

Just bought YGE and WNC. for $12.27 and $7.39. Liked the chart in both.

Yep. My charts are now telling me "take no position"...so the bias to short is gone. I won't go long on TNA or short on TZA until I see more in my charts...I'm in a wait and see posture. See attached and notice price is wrapped around the center line and TRIX is flattening...

Sold the TSLA. I think I jumped on that cow right as it was about to change direction. oh well...it happens.

Cashed out HAL for a little over 4.5%. Still waiting to see what will happen with TSLA and TIBB. Since yesterday was a big day for both, I suspect today is a normal consolidation since they haven't slipped under well fitted moving averages. Waiting to see. SM

Bought some TIBB, HAL, and TSLA today. Didn't get a great price on any of them, but they have nice charts. TIBB is very speculative, so I didn't buy much.

I hear you. I'm getting to the age where my eyes aren't as good as they used to be. Ever have a headache and then try to read the dosage instructions on a bottle of Advil, Motrin, etc. Geez...they should write the big and bold so you don't have to search for it, or squint for it, while you're...

Thanks. There was definitely some risk taking there because the market looked like it was transitioning and I took a chance and got in early. By the book, I should have waited until the trend was confirmed. And...I don't expect those kinds of gains. With the system I'm playing, I'm happy...

The OP said the yellow line was the upper BB. He probably specified it was the upper one because the lower one isn't visible in the screen shot.

I sold my short positions because I hit my threshold for 1-day profits. If I make more than 7% in a day, I automatically cash out in case of a bounce the following day. But since EDZ and TZA are sitting there with a 7% change for the day, that is my minimum threshold for a...