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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: blind-geezer who wrote (190298)	3/24/2009 5:51:16 PM
From: Connor26	Read Replies (1) \| Respond to of 208838

yep, and that sucks!

To: blind-geezer who wrote (190298)	3/25/2009 8:20:55 AM
From: moby_dick	Read Replies (1) \| Respond to of 208838

Connor - I actually bought a little FAS yesterday at COB (6.09) but I sold last night AH at 6.31 (shoulda waited). The 3x ETFs are not good for holding more than a few days due to the decay seen with daily revaluation. I think you'll get a chance at FAZ 30 soon - dunno about FAZ 49 though...it's end of month and end of quarter window dressing through Tuesday - we may see SPX 770 or so in-between but then I think we're stuck in a range from 770-840 for a month or so then down to 700/720 before rising to 1000/1100 later this year before the big capitulatory plunge to 400/500 where we can finally say we have hit bottom.