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Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares Message Board

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  • wsjjswwsjjsw wsjjswwsjjsw Jun 25, 2009 5:06 PM Flag

    Why do FAZ longs deny this bull market?

    This is probably the last chance for bulls to get out of the market. But I bet the bulls will stick to their hope and become perm green-shoots holders for many years to come, and they deserve the punishment.

    Today's movement is technical trading at its best. A lot of day-trading shorts who joined yesterday at 2:15 pm clear their positions at the close. The market will go down with full speed now.

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    • Agreed. Purely a short covering rally. Who is going to buy financials now. Big $$ institutions sure haven't yet as evidence in the low volumes. You'd know if this was a bull market by that alone. Insider selling at all time high. Weak dollar still. If market went up and dollar followed then maybe you'd have a strog case.

 
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11.34+0.06(+0.53%)Jul 6 4:00 PMEDT