TZA, ERY 11/22/11

The majority of market movement occurs on the start of trading or actually overnight when there is no trading, so the only way to take advantage of this is figure out which way it will be and position before close.

With the markets deteriorating on both a daily and weekly time frame, TZA has gained the upper Bollinger and appears it will ride it. Volume indicators are not leading but now confirm the movement.



ERY seems to be reflecting the deterioration of both the markets and oil itself. Volume indicators are leading price.





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After tiring of watching and not trusting the holiday markets, sold both for almost a 7% one-day profit.

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11/25/2011: Probably should have just quit watching rather than selling off.