Guys the Trigger for TZA is the 89 period stochastics,
not the 60 period, the 89 period never got close, refer to the watch list,
the chart says 89 period. TZA appears to be forming some kind
of wedge, resistance is the downtrend line as well, but it needs to
trigger and break, otherwise let the knife fall.
Personally I'm using the 60 min RUT for the TZA entry. MACD
crossover AND a break below the gap around 680 (from the
newsletter). I'll add the SlowSto89 as confirmation. Thanks
Matt
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Guys the Trigger for TZA
SRS
Posted by matt on 18th of Mar 2010 at 02:12 pm
Guys the Trigger for TZA is the 89 period stochastics, not the 60 period , the 89 period never got close, refer to the watch list, the chart says 89 period. TZA appears to be forming some kind of wedge, resistance is the downtrend line as well, but it needs to trigger and break, otherwise let the knife fall.
http://stockcharts.com/c-sc/sc?s=TZA&p=60&yr=0&mn=1&dy=21&i=p30486496850&a=194496973&r=4981
Personally I'm using the 60
Posted by erty on 18th of Mar 2010 at 02:23 pm
Personally I'm using the 60 min RUT for the TZA entry. MACD crossover AND a break below the gap around 680 (from the newsletter). I'll add the SlowSto89 as confirmation. Thanks Matt