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[K Wave]

After bears paid the price today for their failure at 9K NYA yesterday, we may be about to find how how long lived the bull victory will be....

TZA with darn near to the penny back kiss on now rising 5 min line....

15 min within easy striking distance of being blown out tomorrow, should we gap up over say 39.65ish.....

Back above today's high on indexes, and bears could have trouble....

BTW, AZO stuck out like big red sore thumb all day today...debt ponzi top may be in there.....IBM also unable to climb back above 210 while SPX/DOW testing the highs.....also think decent chance today saw end of massive 1st leg down in Yen over the last few months. Would not be surprised to see long consolidation phase begin now where Yen could have big multi-week swings, while basically going sideways for a while.

TZA 5 min chart



TZA 15 min