Direxion Daily Financial Bear 3X Shares (FAZ)

[hang ten]

So after hours, the CME made a margin call for 'tens if not hundreds of billions' http://www.zerohedge.com/news/cme-goes-margin-defcon-1-makes-maintenance-margin-equal-initial-everything Italian bond yields are still making highs; major problems with the EFSF funding..

Seems to me that Papandreou's antics might be a side show.

There's a head and shoulders pattern forming on $ES_F or even $SPX from over the last week or so, I'm thinking it completes next week.