FAZ Going up: Don't believe me, see what these sites have to say about the XLF
Come on. Give this some stars.
FAZ up from here...markets will at least test it's recent bottom. In my opinion we break the old low and go lower before making a bottom. There is way too much toxicity out there for the beginning of a bull market.....take a look a reality.
From a trading perspective we'll retest slightly around 40ish to build momentum and then continue higher. Basic market ups and downs but the 4 day trend for FAZ is up. Looking for at least 60. Could be higher do to the extreme downward leg.
mishag, it's too early yet for any clear direction, be cool and hang tight. BTW, the picture of you hanging on that tree is pretty cool. where was that taken on west coast?......very cool!
I was hoping for Faz to conintinue momentum into tomorrow and decided to hold overnight. I paid 37.45. Too bad because I was up $4 on FAZ on friday and gave all the gains on that trade back too.