Expected scenario on the Direxion Financial Bull 3X Shares (FAS) ; using the $RIFINFinancial 1000 index (see first chart)
Expected scenario ; a sharp sell off in the $RIFIN, allowing us to buy FAS probably below $7.5.
As done before, what ever allocation you plan to use for FAS ; buy one step at a time.
Will keep you informed when I buy :)
2 comments:
Moise-
Love the blog, always look forward to your new ideas and insights..Do you still see support in the mid $12 range for UNG? Can you teach me about "contango" in UNG and how that could be troublesome going forward...I am averaging down looking for a spike up as a possible exit..any thoughts going forward would be great!
-DH
Moise,
Hope you enjoyed your travels over here in SE Asia. One thing to note about FAS/FAZ. Possible reverse splits?
http://247wallst.com/2009/06/22/a-reverse-stock-split-in-etfs-more-likely-to-come-mwn-fas-faz/
Post a Comment