The pattern hadn't completed, needed a 3rd touch of the bottom support. Obviously, it won't play out now but even if it had I was looking for a weak bounce to add to my short positions.

I entered HXU on that chart yesterday morning. I redrew it again this afternoon. We'll see if it plays out. I'd be happy with either target.

Here's a closer look at it. I wasn't overly concerned that the wedge target would be hit, again because there is no negative divergence.

In a small bull flag currently.

RS forming?

Target would be around 12800

No negative divergence on the last push up this morning.

Yeah I did today. Like I said, clearly my brokerage info was incorrect last night.

Thanks. I found that last night through my brokerage account but it said the volume was around 10,000 shares. Clearly that is wrong. 

I was also trying to find a Canadian ETF to mirror it but I can't locate one.

Thanks again

Are there any VIX inverse funds with decent volume?

5 wave impulse up. Does this imply an abc correction and then another push up?

I hedged 50% of my position today with a double short etf (canadian version, hsd.to).

If we get some weakness tomorrow i'm reasonably covered (or a wave 5 down).

With the bounce off 1200, my loss was cut in half (i went off the reservation and delayed entries 1 & 2) and i'm comfortable holding for a larger bounce.

We'll see how it plays out.

Yes. I posted a few charts last night as this was what I was seeing.

You're paranoid.

And yes, in like flint. (seems early but hey, that's the way it goes).

Went long HXD between 13800-13850 and covered between 13200 - 13300. I entered HXU on Thurs and Fri. I may be a bit early but I think we are due for a bounce.

Floyd wrote "I would appreciate a comment on this state message board incivility from the operators."Sarcastic remarks from several ........are a disappointment"

I find your posts disappointing. You cite concerns about having to refresh your browser. You want emails on off days telling you to do nothing.

Take responsibility for your part in this. We couldn't be given an easier task:

Receive email (that happens automatically), read email (straight forward), visit SPY thread (yes, it will require a few mouse clicks), complete instructions as directed (probably more mouse clicks required).

You should spend less time being offended and concerned with fellow posters and focus on the task at hand.

Respectfully submitted,

Jon

For those who trade the double leverage TSX funds take note of trend changes when volumes exceeds 250,000 shares. It often marks a short term trend reversal.