Look at the daily. When I do that I see a downtrending
stock that has been having a series of small bear flags followed by
congestion while waiting for the MA's. Looks like we are
waiting for the MA's in more congestion.
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can someone help me identify this pattern please?
Posted by roger on 24th of Sep 2012 at 03:36 pm
http://stockcharts.com/h-sc/ui?r=134s=TZA&p=30&b=5&g=5&id=t01305258070&8515240449&cmd=print
I would caution against looking
Posted by kalinm on 24th of Sep 2012 at 03:52 pm
I would caution against looking for patterns or using TA on 3x inverse etfs -- it doesn't work very well.
When in doubt, move up a time frame
Posted by johnc on 24th of Sep 2012 at 03:48 pm
Look at the daily. When I do that I see a downtrending stock that has been having a series of small bear flags followed by congestion while waiting for the MA's. Looks like we are waiting for the MA's in more congestion.