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Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Post by Stocksnchartson Jul 14, 2010 1:06am
187 Views
Post# 17267609

Bold call - July 14th

Bold call - July 14thThis is the time pivot point I have been looking at for many weeks.  A few days ago I mentioned Mid - July and specifically July 14 has shown up in my calcs as an important pivot point.  The last few days, I have been favoring a pullback then another run to the top.  So far that has not happened.  If the mkt runs up again significantly first thing in the morning, then probably there won't be any pullback, just the top July 14, morning most likely.

So if another significant runup first thing, then I'm calling that THE top.  The big drop is coming next of course.

Let's see what the mkt decides.

SC  
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