Tuesday, November 22, 2011

FAS vs FAZ

5:15 p.m. Kept tabs on the market this morning. Surprised the IMF's announcement didn't kick-start the market much more. Lack of liquidity is hurting bulls. No real solutions in sight, as expected. But still, I expected the banksters to do more at this point. We'll see. Still all cash and watching from afar.

FAZ daily
So much for falling off a cliff, for FAZ is back

FAZ daily
Piercing through the upper trendline, but for how long?

FAZ daily
Declining volume, tough to see FAZ staying above 50
without a retest first

FAS daily
Really, what a disappointment for bankster bulls

FAS daily
That gap down yesterday and today's sluggish trading, not good

FAS daily
Volume in FAS fairly strong, which tells me that FAZ's rise has
everything to do with outflows and pullouts from finnie stocks, re: BAC

AGQ daily
Not sold on silver spot price and the 3x ETN, but this is significant

AGQ daily
Rising volume. rising price in a down market

DGP daily
Not as perky as silver/AGQ today

DGP daily
So-so volume

DGP daily
Hanging man candle on the gold 2x ETN not a good sign

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