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Yup, one more day and I am going to take my losses and lick my wounds...I don't see any hope right now.Does anyone have some???
keep hanging in there, its a sign if most of TSP, IT, and J trader are in a buy signal
P.s if i'm wrong then i'm a dumbass and we all go down together.
As I mentioned, we break the support of 1256, get out or you will get burned. Let the burning begin. Trading TZA and TNA is a cake walk as long as you are always on the side of Russel that agrees with the trade. That simple really.
I predict a large bounce coming, which we will be selling into. Then Chris's burning can commence. :)
O/N DB on the eminis at 1244.25 left us a little shy of the 3/17 bottom. Maybe that will be good enough for a bounce today coupled with such a large drop yesterday. Jobless claims tomorrow is the next big data point.
AT WHAT POINT DO WE CALL IT QUITS...This SUX
Nice bounce off of 1230.25!!
I'm not in TNA, but if I was, I definitely would not sell at this level. It's forming a very nice hammer right now. Coupled with its highly oversold indicators, I would not be surprised to see it go higher from here.
What a nerve racking morning! May today's daily hammer be the start of a nice rally.
I'm 50% in at $64.75.
jtthomp, that is a great entry, probably going to make $1+ today and have lots of upward potential (I hope). Congrats. My break even is 79.72 :(
RMI, that's a steep wall to climb but definitely not out of the realm of possibility.
With the nice hammer formed today and the session almost over, I'd say anywhere in here makes a good entry point for the advenurous. The more conservative approach would be to wait for TNA to exit its descending regression trend channel, which could happen in the next two days.
One thing is guaranteed...Unless we get a huge monumental rally, August stats will be off to a horrendous start...
RMI chill out dude, it'll bounce back.