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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
  • Watching TZA Closely 2 comments
    Jun 26, 2014 1:30 PM | about stocks: TZA

    Looks like the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA) is going to test the low of the day.

    The 14.32 stop is not automatic. If TZA "taps" the stop. The position will be maintained.

    If TZA "hits" the stop, we are out.

    Disclosure: The author is long TZA.

    Stocks: TZA
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Comments (2)
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  • zaw77
    , contributor
    Comments (54) | Send Message
    It is going up again, I add some now avg. $14.45
    26 Jun 2014, 02:17 PM Reply Like
  • Paul Mosgovoy
    , contributor
    Comments (120) | Send Message
    Author’s reply » The buying and selling pressure look the same at this point.


    Could go either way from here...but the overall trend is up so that is the higher probability.


    We will see who has control (bulls or bears) near the close of the day.


    26 Jun 2014, 02:52 PM Reply Like
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