RE: RE: RE: Time to bail FASManifestation,
I can answer that question if you really wish, but at this point it is better to take things one step at a time. Let's estimate the big upside targets for FAZ once a little closer. There are several reasons that I say this.
From my work we are in the topping process of the mkt runup from March 2009. The big picture is extremely bearish. However, it is a choppy topping process, and this is why I am currently very active in trading the swings. It is still early for the big picture from what I see. I am patient, and confident that I have the right analysis to be ready for it.
There is a certain pattern that I am looking for to signal that the big decline is starting. There will be a massive short squeeze just before the decline starts that will take out most bears. When the time is right, I will sound the alarm that the big "C" is coming. One step at a time.
As if last week wasn't volatile enough, I see that volatility in this mkt is about to increase dramatically. That is true in both directions. We are going to see both large rallies and declines in the near term as the mkt finishes the topping process. I am looking for the mkt to push up more early this week and then I think we see a large decline. FAZ should test around $47 on that move. First it needs to bottom. We saw $41.12 on Friday and I think it comes down a little below that.
SC