they sure raised it fast, gives confidence to investors. FAZ is going down and financials will keep going up.
The premarket/afterhours markets do give some indication of where things may be headed. However the volume of the AH markets ought to tell you that there isn't enough to lend that indication much weight. The AH market right before the opening bell might sink a stock and opening bell brings it up many %, this is because the normal market hours have much higher volume and so often overwhelm what was being indicated early morning. Use it only as a tool to see what people are thinking before the bell, BUT remember once the bell rings the rules change dramatically.
Yeah...I got singed going short...dumped it all. TA definitely failed me. I "zoomed out" on my T.A. and decided to buy some FAS.
Only if you think it's gonna trade in a range. But it made a LH than yesterday. This may be the rollover.
Maybe you're looking at FAZ by mistake? Hehe, just kidding, yeah it is a bit weird how this morning looks like a perfect repeat of yesterday afternoon.
I just can't bring myself to do it. I want to, but there are alarms going off in my head every time I go to press the button.