FAS at 6.77, picked it up in the 5.60's yesterday,
If we close above 7,850 tonight this rally has entered a new leg up.
Not sure though, random time for a rally, mid day and all. however, don't need to get greedy. Financials have been the DOG today. FAS was at 7.40 the other day.
swoosh: FYI I'm in at low 19s where you could even see their pupils. Mid 19s the whites were clearly visible. Unless you're completely convinced this thing is gonna roll over, I wouldn't chase in the high 19s. Some might, I wouldn't. GL.
Only went half in on FAZ. Although it looks like this will sell off, I just don't trust the powers at be.
If this market touches 7,900 again today I will be deeply shocked.
AFter yesterday you never know.
NY - no ne gets more satisfaction watching baggies buy UYG @ 3.00 then me :)
I hope that sob enjoys holding my shares @ 2.85...with the share price teetering .10 in either direction waiting he awaits the breakout...i know how it feels....so I can picture it...the thing is the breakout occured and he will ride that POS to 2.20 and avverage down
I am waiting to buy my shares of FAZ the last hour ... as long as i get my 500 under 20.00 I am good....will ride it to $22-23
I wanna make sure big money doesnt pull funny stuff at EOD
Even if this rally continues financials have probably reached the point of exhuastion.
At best they'll flatline while commodities and a weak dollar carry the market higher.
I'm accumulating FAZ on the dips.