This Guy has it NAILED. European Chartest's, more that any others, fully understand the effect that Dollar values at certain points in time have on US Stock and commodity prices.
US Analysts just don't connect the dots when it comes to this.
Take a listen..... This Guy has No Agenda.. just an Honest assessment:
Buy all the FAZ you can and HOLD into Late July!
Lets call this... The Make a Fortune Trade!
REMEMBER this POST!!!!! Posted 6/05/2009 at 10:45AM Eastern Time.... FAZ Currently at $4.30 and FAS at $10.76
also listen to this: http://www.cnbc.com/id/15840232?video=1140303217&play=1
You guys hold FAZ for 60 days straight, you'll be living in a cardboard box under a bridge somewhere.
What the heck are you guys thinking? Use this weekend to study the decaying nature of this stock. Pull the charts. Look at FAZ/RIFIN and FAS/RIFIN and compare over the last 180 days.
Don't hold this ETF that long. Holding it a *week* is pushing it.
In and out as quickly as a premature ejeculator with a teenaged cheerleader then come back appologizing and begging for more. That's how you play this ETF. Grab 2% increases, use 2% stop losses, and guage your in's and out's to the history of the ETF.
Notice the UUP in contrast to the S&P
Looks like we are at an inflection point.
the peaks and lows of the uup are almost the inverse of the S&P performance.
this whole rally was an illusion.