After being nastily stopped out of my TZA position and a day (yesterday) to take a breather, I bougth SQQQ (3x inverse QQQ) at 20.37.
3-day cycle (as Techman pointed out) as well as Bradley date and full moon cycle (a nice combo of cycles to spark a market reversal!) makes for my preferred cyclic scenario of a reversal today and a sell-off on the order of 3-4% into late tomorrow and possibly Friday.
The trajectory of this one-way market also lends itself to some volatility as long-only profit takers sell it off.
Taking a stab at Shorting Q
Started by
cycletimer
, Oct 12 2011 09:22 AM
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