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Replies to #9441 on Market Swings
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75playa

11/19/09 4:45 PM

#9442 RE: capgain #9441

Anything is possible...

but that would surprise me. 4 or 5 days out into the future is all I can see now...lol. 1041.50 is a daily rock support right now. 60 minute support at 1088.5. I am just looking for another move down to as low as 1066 between now and Wednesday. Any sell-off between now and Wednesday that comes with heavy volume will be my exit. I got out of my short this morning when the volume started getting heavy on the way down and was very lucky. I hit the bottom within less than 1 point. Volume is the KEY.

Until the thing stops reversing on the heavy volume it's not finished in my opinion. Volume is the KEY. I am just going to keep shorting and covering until we either:

Get a big volume push up...I'll short then on the way up...or
We don't reverse on a big volume decline...volume is the KEY...lol

75

PS...I am glad you didn't get out when we hit the low 11's on TZA. I had a feeling that was coming. I said 11.31 and we hit 11.13. I just had my numbers mixed up...LOL