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Replies to post #5162 on Direxion Daily Financial Bear 3X Shares (FAZ)

Replies to #5162 on Direxion Daily Financial Bear 3X Shares (FAZ)
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penny_foolish

05/14/09 3:36 PM

#5169 RE: goodolboy #5162

Not really - only a couple of trades there, 5.50 held very well. I'm just hoping this isn't a DCB at the end of the day. Let's see what happens in AH - I'll bet you can get some pretty cheap shares there today.
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MorningLightMountain

05/14/09 3:36 PM

#5170 RE: goodolboy #5162

that's a leak, not a breach...
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Live42Day

05/14/09 3:36 PM

#5171 RE: goodolboy #5162

Nope, 5.48 was just a "peck" (technical term - lol), below support. Not to be confused with a "breach". :) Back up we go.

What I like today is that the financials are moving up on light volume. This tells me that this is more daytraders playing a short-term (dead cat) bounce vs. a trend reversal. The trend is still down and will continue next week. Very good news for FAZ, IMO.

gltu