Subtle Signals
Filed under: Trading Patterns - 29 Oct 2009
Watching the two inverse ETFs in the same sector helps me determine direction.
I was watching bot TZA and TNA this morning, along with the spooz. When I saw TZA try and head higher on the 5th candle, but quickly fail, I had the signal to go long TNA and TYH.. or other ETF longs I trade.


The spooz was in the same pattern, and acting bullish. I was looking for lower low candles as stops. There were none until 1058.




No Comments »
No comments yet.
RSS feed for comments on this post. TrackBack URI
Leave a comment
If you want to leave a feedback to this post or to some other user´s comment, simply fill out the form below.