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Porgie Tirebiter

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Porgie Tirebiter

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Re: rocco2 post# 1476

Thursday, 09/15/2011 3:01:38 PM

Thursday, September 15, 2011 3:01:38 PM

Post# of 1796
No. I don't think that's possible with an ETF constructed like FAS and FAZ. Besides, a 6% move is not unusual in FAS/FAZ land anyway.

Look at the underlying index and it's relation to the 50 and 200 day moving averages. I don't put much faith in technicals, but sometimes it becomes obvious when a market has moved out of whack.

http://stockcharts.com/h-sc/ui?s=$rifin

So where the hell was Biggles, when you needed him last Saturday?

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