Discussion in 'ETFs' started by scot.mcpherson, May 4, 2009.
This why I look at XLF.
It explains a lot.
Flat top pennant is broken.
You don't see that in FAS.
I'm out before the EOD crash/craziness.
That was worth 8%. Really 4% since it was a 1/2.
I wish I rode FAS...I didn't because I couldn't believe it was still climbing.
Hey, I was short with you there for a while.
But I can run and take the reverse if want.
Not to be pushy, but uncertain days like this is perfect for doing the 1/2 size/hold both sides strategy like I kinda laid out in last week's thread, and taking what you can, even if it's only 2-3 %.... THEN loading up on days when you see a perfect set up, and blow a day trade.
ETA: jeeze, I shoulda held a while more, LOLZ.....
Should I be punched for going short this market now? I'm getting that sinking feeling in my belly...
if it makes you feel any better I went long on FAZ at 6.31...I feel like I shot myself in the foot also, however this is quite possibly a home run position so...I took it. Watch the AH market to see what's going to happen
I agree, it could be the trade you always remember, but it's hard to swallow given how the market is just running ahead
I better sell my posish now.
What do you guyz think abt some Jun 9 calls on FAZ at 1.02?
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