Posted by dallassteve on 17th of Jun 2010 at 12:05 pm
angela, it sure is choppy. I plan on holding my TZA.
The set-up looks valid to me.
I bought TZA when it gapped down on the open, so I got a good
entry. Sold 25% of my holdings when it shot up to 6.62.
I got good advice from cspirit, who noted this area as
resistance. This locked in a small profit.
I'm still looking for it to turn-around and a run up again, but
I am prepared to wait until tomorrow for this to happen.
It never hurts taking some off the table on 3X ETF when they
breakout first time ... I'm holding my remaining TZA for a
few days until overall market set-up clears or TZA hits targets
etc.
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holding TZA
Is this market going to come all the way back?
Posted by dallassteve on 17th of Jun 2010 at 12:05 pm
angela, it sure is choppy. I plan on holding my TZA. The set-up looks valid to me.
I bought TZA when it gapped down on the open, so I got a good entry. Sold 25% of my holdings when it shot up to 6.62. I got good advice from cspirit, who noted this area as resistance. This locked in a small profit.
I'm still looking for it to turn-around and a run up again, but I am prepared to wait until tomorrow for this to happen.
just my 2 cents, and worth every penny, too :)
It never hurts taking some
Posted by cspirit on 17th of Jun 2010 at 01:14 pm
It never hurts taking some off the table on 3X ETF when they breakout first time ... I'm holding my remaining TZA for a few days until overall market set-up clears or TZA hits targets etc.