Will history repeat itself?

diaqqqq

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...

maserati

Nice, dude!

buctusa

support u

diaqqqq

名车老大， Thanks a lot. Hope I could recover some of my shirts back，(just notice my underwear is still with me)...

Nice, dude!
maserati 发表于 2009-3-25 13:02

google

wishful, but logical

源济

Certainly hope so.

xxtrader

GOODA

暖漾

i was hoping that it could get to 100 again!

diaqqqq

that would be too much to ask for....

i was hoping that it could get to 100 again!
暖漾 发表于 2009-3-25 13:36

bucks

agree with you. I expect today SPX closes RED. May signal the beginning of a pullback, if not a down wave.

marketstudent

Impressive Analysis. DING

diaqqqq

If the tide already turned today, about which many bears are still suspicious, FAZ will be $30 sometime next week. FAZ MMs already gave us 2 chances to load around $18.5, will they give us another chance? Hell no...sit tight and ride at least to 30 before you cut any of your positions...

diaqqqq

Will we get to see FAZ $30 or $40 by next week? How many of us will ride all the way to $40? I would assume most of us will get out of FAZ by $30 though.

jasmin256

13# diaqqqq
do you still think FAZ can go $30 this week?

随风流浪

Faz may go up to 35 this week!