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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
  • Russell 2000: One More High And Then A Reversal 0 comments
    Aug 7, 2014 10:08 AM | about stocks: IWM

    The iShares Russell 2000 ETF (NYSEARCA:IWM) penetrated yesterday's high by 0.05 points before reversing.

    Price action looks impulsive.

    Again, this is a possible low-risk opportunity to position in the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA).

    The stop for a position at these levels in the TZA would be: 15.96

    Charts to follow.

    Disclosure: The author is long TZA.

    Additional disclosure: Illustration only. Not investment advice.

    Stocks: IWM
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