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Replies to #19696 on Cycle Trading

Duma

01/16/19 11:35 AM

#19697 RE: dealerschool2006 #19696

TNA (as well as TQQQ and SSO) are very close to topping out for this cycle. For TNA, M65 has rolled over and has probable hit its peak for this cycle. I am not so good at wave counts, but it sure like we are in wave 5, so that also says we don't have much more room for higher prices until they turn down.

You hit it perfect by getting in early and exiting near the top of wave 3. Wave 5 usually never adds that much more.

I haven't got sell signals for TQQQ and SSO yet, but they will come. This was a great January so far. As you can see TNA was the best.

I need to watch TNA more. Note that it went long before the other two.