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.

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Direxion Daily Financial Bear 3x Shares

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Post by Stocksnchartson Dec 13, 2010 12:07pm

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Post# 17838327

Gann

I didn't know you were into Gann Hoss! Very interesting time price squaring happening now.

From the low of 07.01.10 @ the price of 1,010.40 (If I truncate to whole number, then it is 1010. (Hmmm! Numbers....now look at the date, .....) to the high on 12.10.10 at the price of 1240.40, the change in price is 230 points approximately.
The time distance from the 07.01.10 low to the high on 12.10.10 is 116 trading day (115+1). There is a concept in the financial markets, mentioned by W.D. Gann, called "Lost Motion". So I''ll allow one day. 115 x 2 = 230, i.e., Time x 2 = Price.
From the high of 04.26.10 to the high on 12.10.10 is 231 calendar days. Is that a coincidence? I don't think so. Time from the significant high to another high = the price. The high of 04.26 to the high on 12.10.10 = 230 points in price;
From the low of 07.01.10 to the high on 12.10.10 is 162 calendar days. It is the strongest Fibonacci number (1.618).
The high of 04.26 to the high on 12.10.10 is 164 trading bars (162+2).
On 12.13.10, Markets are squaring in time, from another perspective. Market has been up for 647 calendar days. It is squaring of a very strong number.