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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
  • Counter Trend Complete 2 comments
    Aug 15, 2014 10:59 AM | about stocks: IWM

    Obviously, the iShares Russell 2000 (NYSEARCA:IWM) has been challenging.

    The position in the Direxion Russell 2000 Bearish 3X (NYSEARCA:TZA) has been maintained throughout this correction.

    IWM is moving down with ease.

    Please monitor my LinkedIn account for further updates.

    www.linkedin.com/profile/view?id=1889899...

    Thank you.

    Disclosure: The author is long TZA.

    Additional disclosure: Illustration only. Not investment advice.

    Stocks: IWM
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Comments (2)
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  • zaw77
    , contributor
    Comments (54) | Send Message
     
    Hello Paul, I am back from vacation and add TZA at $14.91 today. thx for your updates all the time. Regards, Chris
    18 Aug 2014, 12:55 PM Reply Like
  • Paul Mosgovoy
    , contributor
    Comments (119) | Send Message
     
    Author’s reply » Thank you Chris,

     

    As I write this, TZA is now at 15.00. I may have missed the counter trend move by one day as it appears that today may be the completion or it may be the start of another up-trend.

     

    We will have to see how the day ends.

     

    Just as a reminder, I am not publishing regular updates on Seeking Alpa (as of last Friday).

     

    My market posts are now on LinkedIn and will be much less frequent.

     

    If you would like to connect, please send me a request at:

     

    http://linkd.in/1AT6ZgD

     

    Thank you for your comments.

     

    Regards,

     

    Paul
    18 Aug 2014, 02:26 PM Reply Like
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