RE: SmileFAZ bottomed yesterday. For today I don't have big expectations. FAZ may run back up to $11.50 and close around $11.25.
Monday is a different story. My charts show a huge drop kicking off for mkts. FAZ may well see $12.50 Monday. Plentry more upside after that. Same targets as always $14.50 to start with and $15.90 later on after that. S&P 1130 first stop and then 1095 later on.
I see this as a done deal. There is so much to back it up it's ridiculous now. The math/charts/patterns can't be refuted. The bull case makes no sense whatsoever here. QE/POMO is a non issue, mkts have dropped since early Nov! Fed is very limited and will support the bonds instead. There is no choice.
Just look at this board. Almost everyone bullish. This is a bear board!!! Never ever go with the crowd.
Mini crash next week, kick off Monday. Never turn down a gift from Santa!
SC