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Direxion Daily Financial Bear 3X ETF Message Board

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  • pentium_six pentium_six Apr 10, 2009 3:07 AM Flag

    I think FAZ can hit 13.00-14.00 on Monday

    Tuesday .. DOW 7733
    Thursday .. DOW close to 8083 (up 350 points)

    Did you see WFC action for the entire day ?
    hanging around 17.80-18.50 for whole day

    DOW +160 to +200 for whole day until the last hour
    last hour .. DOW +250

    that's when WFC go from 18.30 to 19.60

    WFC 19.27 afterhour
    WFC falls back to 17.80-18.30 on monday
    WFC 18.00 = 8% pullback from 19.60

    FAZ can easily hit 13.00-14.00 on monday


    Let's not forget .. if Goldman Sachs doesn't run on tuesday's earnings.. it's almost guaranteed you see a big selloff in GS, WFC, BAC, and etc.,

    >> major short covering FAS up 41% in one day
    >> wells fargo up 32% in one day

    who's going to buy on tuesday ??

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