The Rut is leading and that's why it's important to follow the
RUT at this time, Today the inverse H&S played out well for TZA
and the longer period stochastics gave a nice confirmation. I
hope some caught that TZA trade.
Here's also the 15 min RUT chart and the 60 min RUT chart,
notice however on the 60 min chart that 60 period stochastics
crossed below 80%. Of course there is some support around
this 650 - 645 area which was previous resistance.
Posted by airstream on 28th of Jul 2010 at 08:56 pm
Yes I did Made a dollar per share on the trade . Thanks
Matt I would not have done it without your chart this
morning. It took some patience but it finally got
going.
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Market Comments
Posted by matt on 28th of Jul 2010 at 05:20 pm
The Rut is leading and that's why it's important to follow the RUT at this time, Today the inverse H&S played out well for TZA and the longer period stochastics gave a nice confirmation. I hope some caught that TZA trade.
Here's also the 15 min RUT chart and the 60 min RUT chart, notice however on the 60 min chart that 60 period stochastics crossed below 80%. Of course there is some support around this 650 - 645 area which was previous resistance.
TZA Trade
Posted by airstream on 28th of Jul 2010 at 08:56 pm
Yes I did Made a dollar per share on the trade . Thanks Matt I would not have done it without your chart this morning. It took some patience but it finally got going.