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Quote Originally Posted by ernsttanaka View Post
Billy,

I am under the impression that Cum Tick is not falling apart during the last two days.

But I am not an expert.

Can you give your view on the Cum Tick of the last trading days.

Thanks,

Ernst
Ernst,

It remains the best indicator for discretionary trading. Here's a 2-week chart. Buying the positive divergence on August 10, after the Fed announcement, above the half-day average was the smartest of all moves. It also triggered around the 1:3 pivot RR entry lilit of 65.23, same as today.

Sell signals were clear on August 16 and 17 when cumulative TICK repeatedly flattened out and broke below the half-day and full-day averages. The signals also occured at the 1:3 pivot RR short entry limit of 70.81on those days.
That's all you needed to watch for making a fortune in TNA and then TZA : cum TICK and the optimal 1:3 RR entries.

Today there is no divergence or signal to cover the shorts so far. If the indicator starts rising above the averages near the close, covering the shorts and taking a long entry around 65.23 seems the right thing to do for the short term.
Billy