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Nothing other than two tiny double bottoms, and its at the daily support levels since may 8th close. Obviously intraday support has been lower, but daily support is at 450.

Looks like the rifin took flight again today. FAZ down to 4.53. Wonder about entering it now.

In November 08 Rifin closed at 650 for the month. FAS Closed at 30 FAZ Closed at 56 Jan 2009 Rifin 501 FAS 9 FAZ 50 In March which the rifin closed at the roughly same value as january rifin 488 fas 5.5 faz 20.69 Today in which the rifin is roughly the same value as December...

I am not saying I have made a discovery, but can you honestly say that you are comfortable holding FAZ for any length of time greater than one or two days? Sure there were a couple FAZ rallies, but did you know they were good rallies when they started?

Dude, you really need to learn how to read a chart...you have no business throwing money around until you do. Yeah I pull the trigger based on instinct, but I get that gut feeling because of what I read in the chart.

Support for that ETF runs around $5 MOL. It's an extremely low volume ETF though, I have period volume reports of 100 shares in 20 minutes for instance. That's ultra low volume, which makes it a bit less liquid. One of the reasons I like trading FAS and FAZ is they are such high volume that I...

Did you look at it?

Totally unrelated, but I am actually looking at going long on HZBBF

Haroki, If you look at that chart, there are only two significant higher highs. Everything else is a lower high. We had nice gains in the January, and again leading to march 6th. It took a major market crash to create those highs, not just simply bear pullbacks. What exactly are you trying to...

I was just trying to give a reasoned response to midniteeuropa.

Ok lets say we have a few down days right now, and it flies up 50%...wow amzing gains right? Not if you bought it a couple weeks ago, you just got lucky and recovered some of your losses. Look at the chart for FAZ over its lifetime. How many gaining days do we have? How much has it lost? Did it...

The problem is we are at the middle of the road. In the middle things can go either way. If the price was back in the 4.30s, I'd be all over it, but I am thinking of a top of maybe 5 or 5.25 if lucky. Is it worth it? Sure if the market dive bombs and FAZ hits 6, but am I going to risk my money...

Ya I don't see a direction here. Other than the gap, and early morning buzz, it's plainly sideways in all the indexes. I might be giving up on spectacular winnings, but I am also missing out on some fantastic losses too.

Because of the pecular effect of chop on FAZ, it scares me to hold it very long. If FAS goes up again, FAZ will drop further and gain less. It has continued thise way even dispite the fact I thought we reached a baseline on it, so obviously we haven't. We entered May above 8.50, and lost all...

I got out earlier.

I am actually considering entering a position on HZBBF. It's a very low volume ETF, but it looks like it's at the bottom of a valley right now with a potential to gain 20% through the week.

Amazingly the Market indexes and RIFIN are trending upward. Yes there are deep dips, but the direction is an upward trend. I can't believe it. I am out of faz now though I don't want to be. I don't like walking down the middle of the road not knowing which side to be on. In the middle of the...

I am still holding FAZ, I proably should have gotten rid of it at 4.85 or so, but I went to get a cup of coffee. I have a stop set at break even, hopefully I won't get stopped out of gains again like yesterday.

FAZ - stopped out at 4.50something this morning, waited, bought back in at 4.66 around 2pm. Suspect an upturn in FAZ later today or tomorrow. Sorry, I lost my post, didn't want to type it all again.

Well I got out at the top, thereby recovering some of my loss, and hopped back on a few minutes before the bell, and picked up more shares than I had previously, so this may shape up nicely. Unless we have another $13 FAS week, I can't see FAS going up again tomorrow.