Not done going down yet, given that it's outside the Bollinger
bands, though we prolly get a bounce for the next day(s).
After that, I'd be looking for a lower low (daily chart)
that's inside the bollinger bands; that'd be a nice buy signal.
Also, if Matt's market count is right, and we're finishing
wave 3 of 5 up, then we'd get one more high on the daily after a
pullback. That corresponds exactly to the inverse of my
hoped-for scenario for TZA.
Not done going down yet,
TZA
Posted by frtaylor on 6th of Sep 2012 at 12:32 pm
Not done going down yet, given that it's outside the Bollinger bands, though we prolly get a bounce for the next day(s). After that, I'd be looking for a lower low (daily chart) that's inside the bollinger bands; that'd be a nice buy signal. Also, if Matt's market count is right, and we're finishing wave 3 of 5 up, then we'd get one more high on the daily after a pullback. That corresponds exactly to the inverse of my hoped-for scenario for TZA.
agree on all points. Looking
Posted by wowten on 6th of Sep 2012 at 12:54 pm
agree on all points. Looking for a bounce play if RSI 2 gets below 2.