So today on this counter trend bounce, I measured the 1/3 retracement as my target, and it also happens to be the congested price level tested on last Monday and Tuesday.
A) UWM, Ultra IWM, stop at 26.82, sell 80% at 34, keep the rest
Quickpost this image to Myspace, Digg, Facebook, and others!B) Calls on IWM, target when IWM hits 60, stop at at 52.45
C) MVV, Ultra MidCap 400, stop at 31.42, sell 80% at 41.91, keep the rest
Charts are pretty much the same, so there is no need to repeat it.
another point of the ultra shorts are doing their jobs.
QID (-23%) went back to the level I entered 2 Thursday ago.
EEV (-77%)
TWM (-21%)
Best of success everyone
shorts: impatient
longs: IWM, UWM, MVV
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