Thales Posted January 12, 2012 Report Share Posted January 12, 2012 Hey guys.... The line Im looking at for my shorts.... Who knows if we get there... I'd imagine a slow grind untill that upper line. But thats me. Link to comment Share on other sites More sharing options...
Thales Posted January 12, 2012 Report Share Posted January 12, 2012 I'm a little worried about the above graph,... I think we are pretty close(2-3 days maybe less) from breaking something. Maybe just break this upper channel for a blowoff? Link to comment Share on other sites More sharing options...
shorty Posted January 12, 2012 Report Share Posted January 12, 2012 Hey guys.... The line Im looking at for my shorts.... Who knows if we get there... I'd imagine a slow grind untill that upper line. nobody knows butt I'm less interested in the exact top than the behavior once the action starts not sure if we'll get much of a bounce at 1100, might continue right on thru to 900 then I'll move back to mostly cash temporarily to re-evaluate Link to comment Share on other sites More sharing options...
I_Am_Madness Posted January 12, 2012 Report Share Posted January 12, 2012 I'm a little worried about the above graph,... I think we are pretty close(2-3 days maybe less) from breaking something. Maybe just break this upper channel for a blowoff? The possibilities are there. I won't be one bit surprise. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted January 12, 2012 Report Share Posted January 12, 2012 Shorting high flying 3x bear ETF continues to be a good trade in these treacherous times. In July 2011, the Russell 2000 index was at a high of 860, TZA was at 31. As of today, the Russell 2000 index is at 760 and TZA is at 23.60. If Russell 2000 rallies back to 860, where do you think TZA will be at? 18? 17? Shorting IWM with margin might be far better it seems. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted January 12, 2012 Report Share Posted January 12, 2012 Shorting high flying 3x bear ETF continues to be a good trade in these treacherous times. In July 2011, the Russell 2000 index was at a high of 860, TZA was at 31. As of today, the Russell 2000 index is at 760 and TZA is at 23.60. If Russell 2000 rallies back to 860, where do you think TZA will be at? 18? 17? Shorting IWM with margin might be far better it seems. 98.9% decline in value. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted January 12, 2012 Report Share Posted January 12, 2012 IWM about 114% off the lows. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted January 12, 2012 Report Share Posted January 12, 2012 I've been saying it since Oct/Nov. Shorting the financial is a waste of time, energy and money. There really isn't much meat left. I think the tech space is where you need to be short if there's another market meltdown. Link to comment Share on other sites More sharing options...
Jimbo Posted January 12, 2012 Report Share Posted January 12, 2012 I've been saying it since Oct/Nov. Shorting the financial is a waste of time, energy and money. There really isn't much meat left. I think the tech space is where you need to be short if there's another market meltdown. That's right BAC's chart is bullish. All the other TBTF's will probably go up as well. Its the Tech social media floats that are way overvalued. Long the TBTF's and short the tech social media floats is the best play - but only over over the first half of 2012 Like any good trade its "probability of correctness" will degrade over time as 2012 marches on and will eventually be lost in the shifting sands of chance. Link to comment Share on other sites More sharing options...
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