BUY signal on TZA Confirmed

Our Buy Signal on TZA a few days ago has been confirmed today. There was no sell signal yesterday or on Monday as RUT never made a new high. In future we recommend that buy & Sell signals should be based on  IWM as RUT  does not trade.  IWM the ETF which is 1/10 of RUT trades almost 30 Million shares everyday and is a better indicator of selling and buying momentum. So far, IWM has not made a new high above this week's high. If it makes a new high , we may reverse our position. The market is heavily overbought. Here is IWM chart till March 28, 2013