there will be sizable correction starting this week and going into middle of March. IMHO.
The DCLs have been very weak, so I don't know about sizable. Do you use Cycles, EW, TA, or some other system to make a call like that.
I think we are on day 36 so we still some room to run higher.... Another new high for IWM this morning (140.29 and still moving up), so the trend remains up.
Waiting to trade TZA again as we move into the DCL. I'll trade TNA coming out of the DCL ( whenever that happens). I can only trade what I see and the trend remains up for now.
Good trading.
http://stockcharts.c...377&a=507974379
http://stockcharts.c...921&a=506994308
http://stockcharts.c...833&a=504861178
http://stockcharts.c...744&a=505893099
1. cycles
2. sentiment
cannot tell target, only dates. preferrable 10th of march, then run into final high beginning of May.
I could be wrong of course.
I use those too and a few others. I try not to pick price targets, or get locked into time frames. With that said, we are late in the cycle, and the MT sentiment should get reset some during this next DCL. For now the trend remains up on weak breath, and many indicators are giving out warning signs. I sold my TNA on the move up and I'm now only trading TZA. I'm also day-trading NUGT and DUST. I trade small tranches when I buy TZA, NUGT or DUST
We wait and good luck on your trade.