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


To: Findit who wrote (190337)3/25/2009 2:52:58 PM
From: blind-geezer  Read Replies (2) | Respond to of 208838
 
okay, everyone move back to the sideline please ...



To: Findit who wrote (190337)3/27/2009 7:01:15 AM
From: lexi2004  Respond to of 208838
 
Hi Jim,

FAZ seems to be in somewhat of a basing pattern for the last few days. Of course the daily range can be good sized; however, with it being so oversold having three red candles for the last three weeks and having moved down from 111.86 to 18.07, I'd think the chances of a move up are in our favor. Many of the bank stocks I have on my streamer have doubled or tripled in the last few weeks and nothing goes straight up; they'll have to take a breather. For those people that are long and think there's more to this rally, it'd be a good opportunity to buy the dip.

Lexi