Thursday, April 9, 2009

FAZ update


FAZ ended the week on DeMarks weekly low pivot (orange line DML). This Bank inverse ETF, has gone from $115 to $10 in 5 weeks......ouch! Maybe it will find support on monthly S2 @$8.77? Using a combination of Weekly standard pivots and DeMarks weekly pivots, showed us this weeks highs and lows on FAZ.