Replies to post #1476 on Direxion Daily Financial Bull 3X Shares (FAS)

[Porgie Tirebiter]

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