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Paul Mosgovoy
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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • TZA Hourly Confirmation 0 comments
    Oct 31, 2013 3:18 PM | about stocks: TZA

    If Direxion Russell 2000 Bearish 3X ETF (TZA) posts an out-side up hourly bar within the next 15-minutes, then it provides additional confirmation for establishing a long position in TZA at this time.

    This reversal bar is working in conjunction with the weekly reversal as mentioned earlier today.

    Long TZA with a stop at 20.23

    Disclaimer:

    This report is for discussion purposes and contains our opinions only. This posting is to publicly document our thinking and market analysis actions within the Three Ten Trading entity. The data was obtained from sources believed to be reliable. However, we make no guarantee as to the accuracy of that data.

    Investing or trading in equities, futures or options may result in a significant loss of capital, total loss of capital or a loss greater than available capital.

    We are not advocating any stock or in any way offering portfolio management advice or stock selection service.

    Respectfully,

    Paul Mosgovoy, President: Three Ten Trading, LLC

    Thank you for reading.

    Disclosure: I am long TZA.

    Stocks: TZA
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