Tuesday, October 11, 2011

11th Oct 2011–The revenge of the dragon.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

44.55

 

 

 

even

2 days

 

imagesReason for Buy / Sell / Sell Short / Buy Back:

 

  1. Market rally heavily at open. Decide to cut it before it reach my purchase point.
  2. The bull will almost run through the night. The next day might rally again, who knows!

 

Lesson Learnt:

 

  1. Market gap up for all indexes. No point holding this TZA any longer. Let's cut it first and watch later. The next safe entry point should be at $41.00 which is where the daily 200MA line is.

 

Intraday Chart

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Historical Chart

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