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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 ellgaron Dec 20, 2010 11:04pm
166 Views
Post# 17874112

Timing...

Timing...is everything as a trader, although they say you can't time the markets, swing trades can allow you to get close enough if the trade will eventually go your way.
  i don't see FAZ going from $10 to $20 in a day and probably not a week so we will have lots of time to jump in when the trade goes your way...SC
  I've followed your posts for a while and admit you have been right more than wrong ( a litte off with your timing) so I hesitate now with my positions as this market manipulation would skew any model...IMO.
  My thought is there is no santa claus rally, although Ben B would look like him with the right suit and his bag of $$$.
 after the holidays there could and should be some sort of correction but a crash, with all the cash being pumped in to stimulate the market, i would be surprised if we get more than a 10% pullback.
   Happy holidays to all   
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