Posted by mamaduck on 14th of Aug 2010 at 06:24 pm
Ducksoup, you have a very good point about leveraged ETF
decay... So I took your advice and looked at TYX. The conclusion is
very similar, though this one is more of a wait another day or two
to see what happens...
Posted by ducksoup on 14th of Aug 2010 at 07:18 pm
thanks, wish I had seen these charts on Friday before I made a
move ... it really does look like tyx needs another move down to
complete the next divergent low, and the resistance from Feb-March
should kick in not too much further down, but best to wait and see
as you say
Oh well, will keep the stops tight and take my medicine to live
another day if necessary....
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Bonds
TLT breakout
Posted by mamaduck on 14th of Aug 2010 at 06:24 pm
Ducksoup, you have a very good point about leveraged ETF decay... So I took your advice and looked at TYX. The conclusion is very similar, though this one is more of a wait another day or two to see what happens...
Bonds
Posted by ducksoup on 14th of Aug 2010 at 07:18 pm
thanks, wish I had seen these charts on Friday before I made a move ... it really does look like tyx needs another move down to complete the next divergent low, and the resistance from Feb-March should kick in not too much further down, but best to wait and see as you say
Oh well, will keep the stops tight and take my medicine to live another day if necessary....