Rethinking FAS - Andrews Adam Mirror Logarithmic Chart - Fibonacci Bonds Fate Date
Taking a closer look at FAS, here is an Adam Theory type of mirror chart done in LOG. (Which may be more accurate than original arithmetic chart.)
There are 2 pitchforks at work (purple lines) within 2 reverse mirror projections (shaded boxes.)
One fork starting 8/30/2010 may be indicating a mirror move to initially $17 into sometime December. Second fork starting 3/9/2009 may be indicating a blowoff mirror move to $85? sometime November 2012.
This whole eurozone banking crisis may just be a b-wave fakeout before a massive banking rally as rates begin to rise and bank profits soar based on a Fibonacci 34 year Fate Date of August 2011 as mentioned on CNBC...
http://www.cnbc.com/id/44036727/Fibonacci_Fate_Date_for_a_Bear_Bond_Market
If $85 is too optimistic, there is also a Schiff Median Line pointing to a more conservative $34-35 by late 2012...This 3x ETF will be very interesting to watch (and trade.)
There are 2 pitchforks at work (purple lines) within 2 reverse mirror projections (shaded boxes.)
One fork starting 8/30/2010 may be indicating a mirror move to initially $17 into sometime December. Second fork starting 3/9/2009 may be indicating a blowoff mirror move to $85? sometime November 2012.
This whole eurozone banking crisis may just be a b-wave fakeout before a massive banking rally as rates begin to rise and bank profits soar based on a Fibonacci 34 year Fate Date of August 2011 as mentioned on CNBC...
http://www.cnbc.com/id/44036727/Fibonacci_Fate_Date_for_a_Bear_Bond_Market
If $85 is too optimistic, there is also a Schiff Median Line pointing to a more conservative $34-35 by late 2012...This 3x ETF will be very interesting to watch (and trade.)


2 Comments:
Re FAS, a 1-5 split is coming:
http://www.prnewswire.com/news-releases/direxion-shares-announces-reverse-share-split-of-six-etfs-131130203.html
The firm will execute a 1-for-5 reverse split of the shares of the Direxion Daily Real Estate Bear 3x Shares (DRV), Direxion Daily Emerging Markets Bull 3x Shares (EDC), Direxion Daily Financial Bull 3x Shares (FAS), Direxion Daily Latin America Bull 3x Shares (LBJ), and Direxion Daily 20+ Year Treasury Bear 3x Shares (TMV) for shareholders of record after the close of the markets on Wednesday, November 9th, 2011.
Hope this hekp with calculations!
Thanks for the heads up!
Post a Comment
Subscribe to Post Comments [Atom]
<< Home