Quick update: I'm back in line with my system, holding nothing but cash right now. On Friday, I nixed the idea of grabbing some TNA for a day trade when prices started to sink in the afternoon. And since the pop I was looking for in the afternoon never materialized I wasn't interested in TZA at the close, either.
For Tuesday, another down day will likely result in a buy signal, while a bounce, dead cat or otherwise, will almost assuredly produce a short signal. I have no clue which way it will go, although I'm hoping for the big bounce scenario so we can purchase TZA at a discount. I'm still liking the chart I posted Aug 31 and I think 1140-1150 is a given after the beating the market took Friday. I suspect 1100 is soon to follow. Anyway, here's to my system guiding us through these volatile times. I hope you are all enjoying the extended weekend and we'll see ya back here Tuesday afternoon.