Direxion Daily Financial Bear 3X Shares (FAZ)

[Fishpert]

I'm long FAZ and shouldn't be. I bought CEF to counteract FAZ potentialy going down a couple weeks ago at $22.45. Of course they both went down. There's a good chance one or both will bounce here.

My gut tells me to liquidate FAZ and buy NUGT for a big bounce then rebuy FAZ. What's keeping me in FAZ is the horrible news, but Bernanke's interference is costing me big time both in my trading and interest at the bank.

I'm patiently waiting for the new year to bring in a big drop in the markets. FAZ daily looks grimm, weekly some hope. After this chart plays out I will have to reevaluate everything.