Chart guy thinks SP670 possible in the next few weekshttp://www.cnbc.com/id/29852364
Chart guy thinks SP670 possible in the next few weeksBUT IN FEW WEEKS FAZ WILL GO TO 9 SO WHAT YOUR ARE GOING TO DO REMEMEBER 50% FROM TODAY LOOK AT YOUR CHART NOT IN THE GIVEN BY CNBC
This is the underlying problem. Even if SPX600 does happen, it could be too late for the bagholders here who are caught in the 30s or the 40s.As long as you get in on the ground floor, it's a sweet ride. But if you get in too early.. well, not good to put it mildly.
but government has rigged the game, loaded the dice. Charts not so useless now.
Marl,You are absolutely right. I am also out of these ETF's. I made money on them the last 6 weeks, and in two trades lost half. I am done with FAZ and FAS. Getting out while I am a head.
Actually, The Gov action has gaurenteed SP600.