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Comment by LK on February 13, 2012 at 3:02pm shorting the market here is the same as trying to catch a falling knife ... confirmation is a must for me before taking any short positions

I'm not buying and holding anything, James.

Well, there's a double bottom in TZA, so we'll see what the funds do this hour.
Comment by rp3 on February 13, 2012 at 2:49pm i was gonna say its not looking like it wants to drop

I don't think it wants to Terry

@terry-- do you think it is safe to buy TZA and hold it for a couple of days?? As I believe a market correction is heading our way? Thanks!

I'm trading TZA and SDS as well as the opposites, TNA and SSO if it goes up.
Comment by James Phearson on February 13, 2012 at 2:35pm time to short GNOM?

If it breaks the highs, of course, all bets are off...going to 137.

Hi there- Terry-- With that predication that the market is going to drop ( I agree)... What are you buying?? Are you buying some TZA, TVIX, etc??? I believe a market correction is heading our way??? Thanks!
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