02-04-2014, 06:51 PM
I think this correction is healthy. No real serious bad news. The worse news out there is the unknown of just how much the fed has been artificially holding the economy up. tapering is still the major concern in my opinion.
I have some TZA but still in the red. Need to market to drop another 3 or 4 hundred.....
Might be a good place to buy TNA but right now I sort of think we are at the new ceiling area. Read a good piece 2 weeks ago on the S&P resistance of 1780 and if it broke that, it would be a slide to 1700. This was based on technical analyses. Sure enough we hit 1780 and boom. If they are right we will see another 40 points to the next resistance. Based on that the DOW would be what? 14800?? probably where it should be.
I have some TZA but still in the red. Need to market to drop another 3 or 4 hundred.....
Might be a good place to buy TNA but right now I sort of think we are at the new ceiling area. Read a good piece 2 weeks ago on the S&P resistance of 1780 and if it broke that, it would be a slide to 1700. This was based on technical analyses. Sure enough we hit 1780 and boom. If they are right we will see another 40 points to the next resistance. Based on that the DOW would be what? 14800?? probably where it should be.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi