Thanks! I have to admit that it has been months since I looked at a daily chart - just doing the range with RRCs on 5/15/60 charts when not off fishing.
Glanced at one tonight. Only thing of note that I had left was gaps @ 2020 and 1980 that are still open. The 38% retrace would be 1729 and the LT trend line (from 666) is 1680ish.
Need to quit fishing long enough to make some purty pictures on some daily charts.<g>
Since you like the TNA/TZA pairing I will throw out my old TNA chart for your perusal...
Possibilities...
If 133.75 is possible (IF!!!) and it is a 250% move like 5=1 then 133.75/2.5=53.5 implying 5 starts there...which begs a several more questions be asked.
1)Is the black 4 really the A of 4? (32.96) If so, C=A targets 66.04 or C=1.5A (49.44) targets 49.56?
2)Alternately, 4=2 (31%) would have targeted 59.42 (Not good! Absolute value issue?) Hmmm....fibbed well. Have to think on it...
3)If the current 4 was correct, then 250%/2.86=87.41% should be the expected move for the 1 of 5 which would target (53.15x187.41%) 99.61 (Hmmmm...have to see how that works out)
Curious and curiouser...but 2x ETFs are strange and 3x stranger yet...but a few sign posts to be looking at along the way. Indicators will confirm...or not.
And as always, there is always the possibility that the whole thing is an ABC and it is the end of the world as we know it and I should have my puckered lips between my legs instead of typing to you while trying to sing Kum-Bi-Ya (sp?) in that position.
Your call! (And if you see any other possibilities, please point them out. I seem to have had my head in a dark place for at least a week as you probably noticed)
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