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Registered User
Joined: 8/31/2009
Posts: 60
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Russell 1000 looks ready to change course. I am playing the BGZ (RUI-X's Triple leveraged ETF) - In @ 16.75 (last Friday).
TL-1 : Trend line - Oct 07 - May 08 - (Weekly Chart)
TL-2 : Trend line - Mar 09 - Jul 09 - (Daily Chart)
TL -3 : Trend line - Low Pts - Oct 09 - Nov 09 - (Daily Chart)
TL-4: Trend line - Recent Highs - Jan 10 - Feb 10
SMA-50 has turned out to be a resistance and RUI-X seems not to be able to penetrate. Expectation is - It could hit TL-1 again and bounce back. Get out if it closes above the TL-4 - STOP-LOSS.
Would like to hear everyone's comments...
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Registered User
Joined: 8/31/2009
Posts: 60
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Previous chart was a weekly chart. Here is the Daily Chart -
 OVERVIEW....
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Registered User
Joined: 8/31/2009
Posts: 60
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Closeup...
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Registered User
Joined: 2/5/2006
Posts: 1,148
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what tells you that this index is going to change course? couldn't it just as easily be forming a continuation pattern?
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 Gold Customer
Joined: 4/10/2006
Posts: 954
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For what its worth rysa
http://www.freestockcharts.com/ my best guess. I have drawn a little differently, just my very inexperienced judgement.
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Registered User
Joined: 2/5/2006
Posts: 1,148
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fyi-
that link does not bring your chart up.
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Gold Customer
Joined: 4/10/2006
Posts: 954
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No sir, you have to login and mark or request friends on the left hand side, there is a strip "stocks notes profile friends alerts"
It is much quicker/easier to share charts.
regards
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Registered User
Joined: 2/5/2006
Posts: 1,148
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QUOTE (funnymony) what tells you that this index is going to change course? couldn't it just as easily be forming a continuation pattern?
dum question i guess. 
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