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Direxion Daily Small Cap Bear 3X ETF Message Board

  • nautibm nautibm Jul 15, 2010 11:50 AM Flag

    TA only marginally useful

    Okay, the 10 dropped below the 20 yesterday, the 20 dropped below the 50 today, and we dropped below 1088, so we have a 100 point drop in the Dow, but we bounced off the intraday pivot of 1080 and now back near 1087, but below first line resistance at 1088. The smart move was to jump back into TNA at 1080 and exit TZA. The bears anticipated collapse, didn't happen, when the 10-20-50 trio bear scenario perfectly aligned. So what gives? Okay, the HFT algorithms don't have a collapse programmed, but how are they programmed? How is the trader without access to their pivot points supposed to know when to enter and exit on these volatile days. Many jumped on at 34.50 yesterday, only to see a pre-market $1 drop. Still, you made $2, so we all know that as much as we would like to trade the tops and bottoms, you missed the TZA rally and the TNA bounce if waiting until the dust cleared at 10 EST. I need an Advil. S&P now 1085

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