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I'm afraid that's the kind of day it's going to be today.

What do you guyz think abt some Jun 9 calls on FAZ at 1.02?

I agree, it could be the trade you always remember, but it's hard to swallow given how the market is just running ahead

Should I be punched for going short this market now? I'm getting that sinking feeling in my belly...

I was about to post the same too. I don't see the pattern anymore, its upsetting. I wanna take a short position in the R2K futures, but the price action is just acting drunk. As for FAZ, I don't have the slightest clue Edit: I will get in below 7

Thats a good question. I don't even know what to do. I feel like I'm catching a fallin knife if I buy FAZ now, but I really doubt it will go much lower today

How you like that FAS now... hope you didn't get out too early

Did you make those analysis based on the chart you posted. I don't recall 8000 being any kind of historical resistance. Apart from it being a nice round number for psychological purposes, there's nothing else to it. If anything, I can understand calling it a support since this mess started...

I don't see anything bullish on your chart apart from an overbought condition on your time frame.

I hope you got out of the FAZ

Well you got in good. so enjoy the ride. I'm over thinking my trades now and its making me miss opportunities.

Di you get that sinking feeling inside when you pulled the trigger, lol

I'm in the same ballpark. It's crazy. I'm now completely biased to the short side...I just cannot handle a long position on this market given how expensive it now is.

I see what you're saying, but I'm gettin low volume on the downside...and a LH on my 5 min FAZ chart. This market is crazy. Alot of shorts must have been murdered last week

Good word.

I was wondering what you were looking at when you said buy at 8.50. S&P 900 looks to be insight. what's next?

Do you have anything to substantiate the 200k Job Loss?

I sometimes hold FAZ overnight or take quick gains. I just think the financials have over extended and now becoming expensive on pure analysis. So I think the FAZ can make good money on the pull back. I'm trying to build a position on the SKF and the FAZ. What do you guyz think? P.S. I also...

I will look to buy it when it reaches the 7.58 low that it made last week.

I wouldn't hold FAZ just yet. Those bank stocks are relentless today. I think it might be a pretty good dump play later during the week. For God's sake. Dow's up 181...at this rate we'll be at 14000 in no time. However, I don't see the stress test being the trigger. Too much has been made out...