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Replies to post #969 on *DAY TRADING ACADEMY* (ZZMAN)

Replies to #969 on *DAY TRADING ACADEMY* (ZZMAN)
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zigzagman

04/29/09 12:34 PM

#971 RE: Softechie #969

They'll Reverse Split both FAS and FAZ before they get to zero IMO...
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zturk

04/29/09 12:40 PM

#973 RE: Softechie #969

I don't understand your reasonning of both FAS and FAZ going to 0. We know that these two are a measuring stick of the financial market. These 2 ETFs are a collection of financial institutions and are inversly tied together. I have noticed that the convergance point is between 8.18 and 8.35( Avg 8.26). It seems that it's best to have both at the same time is a good hedge for a day trader.