VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

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mypenneys- take one of Clays charts and watch how he uses the candles (the 30 minute time frames) to draw his resistance and support lines. Multiple candles ending in the same area is a good reference. Then you can just extend his trend lines in the direction they have been drawn. As the price continues up (or down) the next line drawn connecting candles will come into play. It will either be support (if moving down) or resistance if moving up. Breaking those lines in either direction and closing for the day, means you have to look for a continuation in that direction.
Those support and resistance lines will correlate to daily bounces and pull backs which of course would be daily buy and sell signals if you trade that way.
If the move goes above the trend line you can continue to ride with a trailing stop that moves along with the up trend. More often than not your trailing stop will get taken out with the size of the movements this stock (ETN) makes.
Don't be afraid to try and draw your own chart. It doesn't take long since you do the same things over and over again. News simply speeds up any movement in a given direction.