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Direxion Daily Small Cap Bear 3X ETF Message Board

  • hillside425 hillside425 Sep 24, 2010 3:50 PM Flag

    IT WILL BE OK

    THE CHART TODAY LOOKS EXACTLY AS IT DID ON SEPTEMBER 15, 2008. Guess what happened next? Dow drops 3000 points followed by small rally and followed by 2000 point drop.

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    • prior to Sept 18, 2008, the market had been on a down slope. i do not see the similarity that you refer to.

      also, was the following day, the bankruptcy of Lehman or some event that triggered the drop? do you think the circumstances are the same today?

      in some fundamental ways, we are much worse off today than in Sept 2008, but attempts to call future market movements by looking back at similar patterns in the past seems logical, but boy oh boy, the analyst at "bestonlinetrades" has found analogies from prior years that look very convincing but unfortunately they have NOT portended what happens next in today's market.

      wish it was otherwise, but. . . .

      i am skeptical, but i am a bear.

    • louandglo@verizon.net louandglo Sep 24, 2010 6:35 PM Flag

      tempted to sell. Have 500 shares will take a $1500 loss because I know how to lose money better than most people. Thoughts ? Hang in or wipe it clean before weekend. thanks all.

    • the dems put off the vote on the tax debate until after the elections.. they may have made a deal behind closed doors, dont tank the market and we'll error in your favor.... in all honesty, both parties are deep in bed ith wall st and all the other large trans-nationals.. it may be that the dems really dont care if they maintain the majorities... either way, they got a job either on capitol hill or as a lobbyists... there's lots of back doors for election losers to still have access to the gravy train of private industry connections without being called lobbyists...

    • Maybe we looked at this wrong, October may tank to really push the repubs in to power. If September was bad and we had an october rally people would forget? This way, wall street can push it's power in October to make sure Repubs get control of both houses. If markets are crashing in October, no dem will be voted in!

    • I agree, however if the Dems retain control of both houses then tax increases for the Wall street rich will be guaranteed!

    • IT DOES? WOW-Take a close look. 2 years and one week apart and the market starts its crash!

    • It does look earily similar? 11,400 to 8400 by oct. 6?

    • I really meant the thanks sincerely. I'm a bear.

      • 1 Reply to outofrework
      • jermainestewartonehitwonder jermainestewartonehitwonder Sep 24, 2010 4:02 PM Flag

        It really hurts. Everybody is celebrating big time. Even my retired mother has seen her portfolio go up about 15% in the past couple months after some tough years.

        For me to have lost 60% of my money hurts more than I could ever put into words. Not because of the money itself, because I came in this world with nothing and I'll leave with nothing, but just because I was so stupid. I started buying TZA in the 30s pre-split (170s at today's prices). I lost and lost over and over again and for some reason I kept coming back for more. I will always too quick to take profits in a correction and too slow to take losses.

        I still do hold some TZA. I have a stop loss set at 24.50, at which point I will be down exactly 60% of my money. I like that symmetry. Just can't believe it. Think if I had been in TNA. I could have just bought and held for a year and I'd be up 100% instead of down 60%- I would need to make 5X my money just to replicate that difference right now.

        Who says you can't buy and hold the leveraged funds? There is no risk on the bull side.

    • Thank you for pointing that out. I'll be clutching that info over the weekend.

 
TZA
9.77-0.03(-0.31%)Jul 7 4:00 PMEDT