A few calcsJust to give a rough idea of targets for FAZ, and FAS for the next few months, here are a few rough calcs. The first downleg for the mkts should take FAZ up to $34 roughly based on the similar inverse move July 2009 to April 2010. This will have to be fine tuned once closer.
FAS goes to $9. Again this is just very rough and I have specifically been quite conservative. The targets should be calculated on a log scale which would give higher targets for FAZ than I have here. Time and choppyness (decay) are important factors. It's not possible to get exact targets so early. Just trying to give an idea of what we are looking at.
The following is the same old calculation from a while back. Sounded crazy at the end of Aug didn't it! Much like how crazy my crash timing sounds now I'm sure lol.
1129.24 Aug top - 1010.91 July bottom = 118.33
1039.70 Recent bottom + 118.33 = 1158.03 S&. I don't expect this to be exact. It could overshoot.
A similar calculation for Rifin yields an 845 target short term.
Hit my $13.30 target for FAZ today, FAS ready to push higher in a very sharp spike up.
SC