I just placed an order for my TZA swing position, good for tomorrow all day:
Sell TZA limit 9.72, or stop market TZA at 8.37, whichever comes first.
Most brokers will allow this to be entered as a conditional, one-cancels another order. I do not expect TZA to approach anywhere near 8.37 tomorrow, but it's there just in case of some crazy move downward.
I'm not necessarily expecting 9.72 tomorrow either (for profit taking), but it's certainly within striking distance. I'm placing this order now because I'm not sure if I'm taking a vacation day tomorrow.
For TZA, my higher targets are 1087, 1101, and higher
TZA Fibs are 868, 979, 1048, 1104, 1160, 1239, 1340. These are not my exact upside targets, but they show the general areas of potential upside, for now.
* 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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