Tuesday, May 4, 2010
Nice selloff today! :)
My TZA is up 8%. dow down 225 and SnP down 26 and nas down a whopping 69. On a 60 min basis there seems to be complex H&S patterns pointing to a target of 1144 on SnP and 2377-2383 on the nasdaq. Tim Knight cashed out his big "ultra" shorts and more often than not, he is right, but I am going to hold out for more. I havent even gotten a buy on TZA yet... although my SSG is doing great.
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