Monday 18 May 2009

Bearish?

Are you bearish on financial stocks? And want to enter a new position on the Direxion Daily Financial Bear 3x Shares or FAZ?
Just wait, we're not there yet. Looking to our renko chart, we advise some more patience. Although the situation is oversold for some time now, the SAR has to flip under the price action before we would take a position:

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