Monday, August 15, 2011

A few Alternative Charts

As I mentioned, I expect the market to pullback, we have seen a little of that, but there are also the head fake game we must be aware of and not panic when they arrive as the most likely will.

So here are a couple of inverse ETFs or Bear ETFs, FAZ-Financials and TZA-Small Cap Bear

 TZA 1 min positive divergence suggesting a short term pullback in the market.

 FAZ 1 min hart is also showing signs of a positive divergence, so financials should pull back.

 Here's the 5 min chart that carries a little more weight, suggesting a little deeper correction-perhaps the head fake.

TZA 5 min chart is also looking a bit bullish here, also suggesting it's likely the market will see some sort of head fake pullback soon.


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