Pretty easy math from here actually.
FAS needs to go down about 50% (and RIFIN about 16%) while FAZ goes up 50%. That puts FAZ at 33 and FAS at 33. RIFIN would be about 628. I do not think that will happen.
Additionally, this does not include decay which appears to affect the inverse fund more severely as a matter of mathematical certainty than FAS. I think this is true even in a downtrend in the overall markets. Direxion's site has a different disclaimer for the inverse funds as compared to those the bull leveraged funds.
I do not think your wish will come true, BTW.
ouuuuchhimama....on that note..i gotta go to bed...they just turned my clocks back,,nice..extra hour of sleep :))....wait til this digests....choppy is not the word....lord have mercy on us is more like it....sleep good....
I don't think consumer confidence is coming back.I think there is a huge disconnect between main street and wall street.....cannot trade options.....btw there was a huge misread by the reit investors over a press release friday afternoon.....guess they thought the Federal reserve was bailing out cre.....were they wrong!
So, a little more long term view here...
I'm anticipating that this "minor correction" will end some time Jan-Feb. Following that a rally up to 1130-1160 by May-July.
Then, the "big correction" move down lasting until, well... hmm... 500-600...