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

Direxion Daily Financial Bear 3x Shares

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Comment by Stocksnchartson Jan 05, 2011 1:15pm

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Post# 17928127

RE: 52 week low

Actually I said this on Dec 31:

"Yes, I am very heavy in FAZ. It's been a very quiet week. Many of my charts and cycles are pointing to Jan 4-5 as being very important.

If the mkts sell off over the next 2 days, then mkts may rally back up and put in the top around Jan 4-5 with a huge decline to follow. However, if things just remain quiet like this, then Jan 4-5 could be the start of a huge decline that sneaks up on everyone."

Obviously mkt pushed up so watch and see what happens next.

SC

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