Its a crazy time right now, so its tough to call...I watch the DOW when I'm in FAS too...it does look like there is room left to go up some more on the charts...but some chitty news or bad economic data or even Friday profit taking could knock things down quickly...
I might daytrade FAS as long as the DOW stays above 7750 and FAS above 6.00...at this point I dont think you should be holding FAS overnight...too risky...anything can happen...although I have and might again at any time...
Keep in mind: I drink alot, I have an addictive personality, I am greedy, and I take chances that most wouldnt...I'm not playing with my rent money here either...
A pullback is inevitable, the question is...how soon will it come?
If I was able to predict the future with any kind of certainty, I would just buy lottery tickets instead...
lol
Just my opinion...
