9:49 Still holding my 200 shares TZA held over from Friday.
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10:02 My TZA trades, in the trading account and in the retirement account are stuck in a consolidation area. Not what I was expecting when I placed the trades EOD on Friday. Still holding.
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4:01 pm I kept the TZA trades and still holding. I went short TNA at 3:26 pm, 500 shares at 50.66. I got suckered into shorting at the bottom of the range and price rose for the next 15 minutes then bumped into resistance and came back down. I expected the price to break and it held the support level (my price level) for the rest of the day. I had numerous chances to exit even but instead considered that price might break down at end of day. None came and shares of TNA jumped at the close to the upper level of the channel it had been in for about the last 2 hours of the day. This market is hard to believe. Right is wrong and up is down, then vice-versa. Instincts tell me something dramatic has to happen when this level of oddity is afoot.
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