99.9% of time in technical trading--when you see a head and shoulders set up--next leg is down considerably. But yesterday fundamental trading (jobs report) trumped technical trading.
check out 5 day charts Dow and S & P they are screaming a head and shoulder drop today/tomorrow.
I know FAZ is tied to Russel but I do use Dow as a proxy. When you look at Dow 6 month chart a perfect head and shoulder formation has formed. Based on this technical I would expect a deep plunge starting NOw to perhaps days, perhaps weeks. we should head into close today with a good day at least. Be encouraged FAZ owners--you are on right side of trade.
I think yahoo finance jumped gun on split and had August 26 price of $14.80 converted to $52. My back of envelope is if FAZ is $20 on October 1st it will be listed at almost $100 at time of split. So let's all hope it gets there.
Both Asia and Europe got crushed today--no reason for bounce except PPT. No one is going to want to be long over Labor day weekend--expect big sell off this week--Faz to soar.
are you like 12 years old? Reverse split will put FAZ around $50. Let's do the math. 10% gain on $50 is $5. 10% gain on $13 is $1.3. Reverse split is a big benefit for stock price. Apply rule of 72 meaning divide % into 72 to determine how many days to double. Given unprecedented historic events in Sept/Oct I expect Russel 1000 to lose 3+% a day so Faz will gain 9-10% a day and based on rule of 72 it will double every 7 days. Starting at a reverse split price of $50 That means in 35 days FAZ will be $1600/share in 56 days or two months $12800. you better get on right side of trade or be run over after split
3 hours before open Plunge protection team (PPT) got Dow up 154. Even the gov't is powerless to bring this market up. Prediction--market dropping today by close--FAZ up high $14's/low 15s.
the last 3 days faz up around 24% today were down 3+%--no big deal. without govt stimulus this market will plunge. faz will end week up. the key question is what will fed do in sept? my guess is nothing
The shill journalist along with govt ppt--pumping market up today and intervened to stop 1000 point loss yesterday. But the fundamentals haven't changed--the only reason market has gone up is market manipulation in form of QE and plunge protection team. There are no fundamentals to sustain this market and bottom line--it is a bubble that cannot be sustained. In the end FAZ will win
we broke thought most 2 year resistance lines--next stop would be $18.76 posted Oct 15, 2014. We may do it this week --certainly would if govt stopped intervening.
like normal, FAZ slows down over lunch but I expect markets to continue their decline after lunch--happens everyday. So hopefully FAZ will close above $14.
PPT will learn what chinese gov;t has--you cant catch a falling knife or step in front of a stampeding heard. temporarily PPT halted our fun but by end of week expect Faz $15+
ditto patootie galore. the stocks index it is inverse of is not the Dow. Do your homework!
youre an idiot--its still premarket. how is Direxion stealing money? I bought at 10.14 a few weeks ago I'm $13.50 premarket now. , you're bitter because you timed it wrong I did not.
We could see $14-15 today, but if not most likely this week but when reverse split occurs stock will most like be above $50 so if you want on this rocket ship you better get in now.
Dow Futures premarket down 413 points so far, Asia and Europe got slaughtered today yet some FAZ owners premarket selling at 11.95. Are they brain dead? This stock will rocket today and this week.