Monday, November 30, 2009
Looking for TZA swing entry, maybe DXD, QID
Tuesday update, 6:32 PM
Still don't see a valid trade. Charts have possibly become more bullish. I see no swing entries here, either long or short, yet. More analysis needed.
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Monday
I'm seeing a good swing start to setup in the TZA, if the charts continue as they are now. Looks like the TZA might need to go down to 12.36, 12.28, or 11.89 area. I'll be watching this over the next 1-2 days for possible entry. After the decline ends, I expect the TZA to reverse up to 13.40 and break higher to 15.03 and 16.30, 16.99.
The current swing target is 14.73 (after entry, have not entered yet). We might get the entry tomorrow or Wednesday.
Also, I'm considering short the DOW via long DXD, as well as long QID (short QQQQ).
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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