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本帖最后由 diaqqqq 于 2009-3-25 13:12 编辑
Sorry I was wrong about the market in my post yesterday and I did not get the expected gap down this morning.
However I will still hold tight to my FAZ and SKF, check it out:
Today the market went up almost 200 points, however most financial stocks were down still, sounds like distribution to me...
Furthermore, if you check the historical price of FAZ, last time FAZ dropped all the way from 201.86 to $32.57, the drop percentage is 84% and SPY500 went from 741 all the way to 943.85, 27.4% up.
If this round FAZ has the same drop percentage, the high was 115.5, so the expected bottom price (if the same drop ratio as last round) should be $18.48 and it reached $18.25 yesterday and 18.07 this morning. And SPY500 went from 666 to 823.65, 23.67% without any pullback.
Will Bears get one final strike for MMs to unload most of their bullshits? Yes, possibly. But should we surrender at this juncture? Hell NO... Your payback will be handsome if you could stick it all the way to the end. Once the tide turns, don't take your profit too early...
If history could simply repeat itself, expect FAZ to reach at least $30-40 in the following month. All we need now is some explosive news to reveal the emperor's new clothes...Only in my wishful dreams? I hope not... |
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