Replies to post #271 on Direxion 3X Russell Funds (TNA)

[dalcindo]

Re: SPX & BGU, TNA, ERX, FAS (Direxion's BULL ETFs) - A Relative Strength View:

NOTE: BGU, TNA, ERX, FAS are all charted against $SPX. I thought it worth noting that their aggregate lines are nearing another MAX Expansion pattern, especially as SPX is also reaching a significant TOP (See also how SPX's PPO is nearing yet another validation of its own resistance at these corresponding price levels for both SPX and BGU, TNA, ERX, FAS altogether).

I believe that violation of SPX's shorter-term support (BLUE) line may provide an early signal of reversal as we lunge into the new yar 2010.



- Dalcindo