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FAZ has a LL bias right now. The closer we get to the closing bell will tell, but if the price keeps dropping right on up to the bell, I will go all in on FAZ and cash out on the monday morning market selloff. In fact, I'll go all in once I am comfortable with FAZ having reached is lowest low...

just keep in mind that the volume on FAS doesn't reflect its value too much, a tiny bit but not much. The shares and or derivitives are already held by direxion and not actually being traded. The changing value of the ETF is based on its underlying assets which are already held. Now having...

Don't feel bad, that's how I hve gotten killed everytime I got killed. Jumping the gun at entry and/or jumping the gun on the way out. I am looking at FAZ right this moment for a weekend long position. It seems to be at a good price right now at 8.61, just not convinced yet that a down swing...

hestor, I sent you a private message. Scot

I am not sure you are wrong, just poorly timed. If you look at the DOW over the last 3 months, it looks like its going to turn to a bear market. I can't say, and I don't have the experience to make a recommendation, but it "looks" that way to my untrained eyes.

I like to buy FAZ on most friday afternoons, on most afternoons really. 4 out of 5 times it seems to gap up and spike a little higher sometimes after the bell. I seem to be able to get in within .5-.15 of bottom, and get out the same. I wish I rode FAZ to 13 though, I got out in the morning the...

I am going to look at options. I need to learn more about that though. I had initially thought I needed >$10k to trade options with my bank, but I guess that's futures. I'll check it out tonight and learn more.

I wouldn't be convinced after the last few days. You might be right, but you might be wrong too, and FAS feels like it might start to downturn, but who really knows. I don't know. I am not convinced either way, but I think I am holding at a good price for right now.

Being that I am not a qualified day trader, I REALLY need to stop buying stuff, unless I have a day trade available. I get 3 per week (5 rolling business days), and I should force myself to not get in, even on awesome looking positions, unless I have an exit hatch, I have lost money to painting...

I got out of FAS when it was nose diving, and bought it again at 7.18. Yeah very strange patterns the last few days, totally opposite of what I thought was going to happen, it chewed up a lot of money money. Funny thing is as I keep saying, if I only held things a little longer, I would have...

Tha'ts not noise, that was the result of a bad GM announcement, among other things....if you check out google finance and lookup .dji (the dow jones industrial average on google finance), you get neat news markers, and you'll see the news that caused the immediate down turn. It screwed me...

don't get fooled, that $13 FAZ was an anolomy and higher highs with FAZ only occur with extraordinary downturns, don't use it as an indicator of good things with this ETF, that was a great exit point only. The time to buy FAZ is in the afternoon when the market is in a super upswing for the...

Anyone here from this area? I'd like to hook up with some folks, talk about the market and investments. Scot

There is no point in tracking RIFIN 1000 FIN if you watch FAS, although the numbers are different, the charts are almost identical, you won't get any indicator from RIFIN about what to do with FAS, because the FAS chart follows it real-time. At least that's what I have determined after...

Hehe, I have been saying FAZ is great to hold over night. As an "almost" daily routine, I buy FAZ shortly before the evening bell when it is at or near its daily low, then sell it shortly after the morning bell for a quick boost. I missed the boat on Monday though, I sold too early as my...

don't be offended, what he means is traders don't follow advice on a trade, they use their own methods, plans and instincts. A trader may learn another's methods, but they will then use it as their own. And usually, once "news" of a good position is reported, its often already too late...

Have you tried calling the order in? Maybe they can route it manually. This morning I also thought I had a sell order not execute, it was sitting in the open orders while the price was plummetting and I was getting mad because I have a 2 second guarantee on market orders. However when it...

Which server do you find #tradingspace on?

I am the OP and I can assure you, I never made any such claim. Yes there are some subtleties as you have states. For instance FAZ wasn't very good to me the last few weeks. Even though the market was trending downward, so was the FAZ. Yes the short term action was consistent, and the dips int...

Well honestly, I have a few times now wish I had held them overnight. I bought FAZ when it was really cheap two weeks ago, and it rose and hit the target before plummeting wednesday/thursday. However, When the market bounced off of the floor last wednesday, I hopped on board FAS within a few...