I know FAZ can switch 15 point in a trading day with no problem. Like at the history and the closing prices. Even though the closes have lower lows history shows how FAZ can turn on a dime.http://finance.yahoo.com/q/hp?s=FAZ
I think you are wishing. Your decision is based on the printed lows for the last 52 weeks. You will have one (1) opportunity to cut and run and lick your bruises; right before the fed announcement. This is the lowessssst Fed expectation so far. The Fed and treasury have built momentum in their strategy...and its just beginning. There is no way they will not capitalize on this moment in time. I think this move will take your breath away. Just don't beat yourself up. However, I do admire your conviction.
moron, FAZ can't make $15 swings when its this low. It can do maybe $5 if something big happens, like a city being nuked.Climb back up is going to be slow and painful now.
Assuming there is a climb back up. With all the power behind the banks right now any climb in FAZ is becoming increasingly unlikely.