FAZ closed today with a hammer buy signal. Need to see confirmation tomorrow with an up open. As you can see on the chart, the grey line(8 day moving average) has been resistance since it broke last month at $85. The 8 day moving average needs to become support vs resistance. ......that could happen very soon.
update: FAZ never gave a confirmation up open.....instead it opened down.
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1) Protect your capital 2) see rule #1 3) don't trade what you think, just trade what the charts say 4) use stops on all orders 5) never let a winner turn into a loser 6) never buy R2 7) never short S2 8) 3 losing trades in a row= strike 3.......shut down the computer for the day. Something is wrong in my head!