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A little more downside probing?


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#1 Rogerdodger

Rogerdodger

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Posted 27 September 2014 - 09:24 AM

I like to take an overview of Carl's Decisionpoint charts now at Stockcharts.
See: http://stockcharts.c.../dpgallery.html
Many of the charts there show we are approaching potential bottoming areas, and may have reached them.
But Friday's rally seems to have inspired a bullish tone.
Seasonally there should be a bit of weakness into the early part of October, but there doesn't have to be any.
I took 2 shots at TZA since BABA sucked the money out of the market. Both shots paid off really nicely.
I'm leaning to consider the long side into late October, especially if we get a bit more volatility soon.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p43693262891&a=335257001.png