Tuesday, March 2, 2010

New highs Russell 2000

The russell 2000 which includes a ton of small caps and therefore affects TZA has just made new 2010 highs breaking 650. Makes my real positions toast and my gpanek top and bottom picking account toast too. meanwhile georgebailey which uses my system whereby the market tells me when to place an order or when its going to turn.. is up nicely today with buys in both gold mining stocks and energy. GDX and ERX. On the other hand, the SnP is right at a big resistance level of 1125 and appears to be stalling. that whole range from 1125-1150 is big overhead resistance. I doubt if it will break thru.. but if it does... I am will be decimated.

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