look at the volume spike. it's the biggest in the last 6 months of FAZ's history.
someone knows something. obama and his cronies probably leaked to some of their banker buddies that they agreed not to force the banks to change their predatory credit card tactics..
i have NEVER seen FAZ trade that many shares that quickly. absolutely amazing.
I found this site very informative. Someone posted the link last night on one of the bear market ETF boards. I recommend watching the 4/22 video. This guy is tracking technicals on indexes, FAZ and other bear market ETFs. He sees high probability market downturn and upturn on FAZ . If rest of folks are watching technicals, it's time to buy, buy, buy, so probably behind the huge volume at bargain prices. I got in rather expensively a couple of days ago at $11.00, but I'm planning on a longer hold. Been reading Krugman columns and other analysts who are predicting that increasing unemployment, consumer debt problems, foreclosures and financial sector problems will just overwhelm and tank us again summer through fall. So I'm bullish on bear market ETFs.
100 million in the last 5 minutes? I don't think that is right... The total today is only 144 million. I'm looking at my 1 minute chart and there are no bars above 1 million in the last hour.
The trading volume has been spiked last two days (not including today). I think a lot of gamblers are betting against the market and believe the rally will be over.
Same thing happen to FAS (bull side), but large volumes usually mean turn around signal.