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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Comment by Stocksnchartson Mar 31, 2011 1:05am

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Post# 18365219

RE: RE: .....SC THANKS................

WPR - can debate where the neckline is but conservatively let's say 48 cents. I like the chart, and it looks very promising particularly medium term. I will say though that the short term is the question. Sometimes price comes back to backtest the neckline. If it happens that takes nothing away from a bullish bigger picture. Nice find, I'm going to check it out further, and I just may scoop some of it myself. There are a couple interesting things about the WPR chart I will show you. Thanks.

I lowered my near term S&P target from 1222 to 1201 based on current trading patterns. Bold call: we hit 1201 S&P around April 15th - 2 weeks from now. Hard to believe isn't it? Watch and see.

SC

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