Week of 2011 OC 21

SPY rose 1.1% this week, while my account fell once again, by 2.0%.  I am back to the account balance from six weeks ago.

The weekly PPO for IWM is now positive, for the first time since February — but not positive enough for a ”buy” signal.  Still, this is awfully bullish for my “market about to crash” thesis.  This week, the Japanese yen reached its highest value since WWII.

		│	Daily % gain size owned												│	Max % loss		│	Results
Symbol	since	│	Fri		Mon		Tue		Wed		Thu		Fri		│	Beg	End	│
RWM	JL01	│	-0.8	20 50	0.7	20 50	-0.7	20 50	0.2	20 50	0.1	20 50	-0.9	20 50	│			│
old puts		│	-2.4	0 0	-2.4	0 0	-2.4	0 0	-2.4	0 0	-2.4	0 0	-2.4	0 0	│			│
RPRX	JL25	│	-32.2	2	-35.6	2	-34.6	2	-36.7	2	-35.9	2	-35.4	2	│	+15.5	+15.5	│
NOp7½	JL25	│	22.3	1.5	24.3	1.6	25.4	1.6	25.8	1.6	25.7	1.6	-25.5	1.6	│	−23.2	−23.2	│
TZA#1	OC17	│			0.3	10	-8.1	9	-2.3	9	-5.0	19	-11.2	18	│	−15.1	−12.1	│
TZA#2	OC19	│							2.5	5	1.8	5	-4.9	5	│	−1.4	−1.4	│	−1.4%
SPY		│	0.0		-1.9		0.0		-1.2		-0.7		1.1		│			│
me		│	0.0		-0.6		-0.7		0.4		-0.7		-2.0		│			│

TZA: Bought a little early: PPO=-0.75.  Tuesday: got down to -10.0% with my stop at -10.5%!  Wednesday: tried buying more, with a tight stop, but stopped out within minutes, so shown above as #2 separate purchase.  Thursday: PPO finally hit -1.0 with a negative candlestick, so I bought more, just before the death of Ghaddafi was announced!

Pretty charts

Here is a chart.  I don’t know what it means.  The stock prices show a “megaphone” pattern, which some people say is bullish and others say 50/50 can’t tell what it will do next.  The PPO waveform shows a ”descending wedge” pattern, which is probably bullish.  The breakout has already occurred.  How often do false breakouts happen on MACD-type waveforms?  Dunno.