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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 Jan 02, 2011 12:40pm
197 Views
Post# 17916245

No point fighting

No point fightingHealthy debate is fine, but there is just no point expending energy on the should've, could've, would'ves.    

My short term view was incorrect in Dec.  I can understand the frustrations.  Bulls were right in Dec but for the wrong reasons and that will soon come back to haunt them.   

I have looked very closely at what went wrong in Dec, and I am confident that I have the right short term ending pattern in place now, and, as always, the big picture which is coming very soon.  It is a tricky ending pattern that will fool most bulls and bears with some wild whipsaws.  I've looked around a bit this weekend, and I don't see anyone else looking at this pattern.  So I am feeling fortunate and looking forward to January.

By the way I think scrapping amongst the bears is also a great sign of a major top. 

SC
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