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IBDvalueinvestin (98.52)

Financials could be on the verge of rebounding strongly because FAZ the



March 24, 2009 – Comments (1) | RELATED TICKERS: FAZ

3x bear on financials is up only 0.47 points and has been going down steadily from the higher open.

These traders are betting that FAZ will go down which in turn means the financials will start rebounding today.

1 Comments – Post Your Own

#1) On March 24, 2009 at 11:19 AM, IBDvalueinvestin (98.52) wrote:

It would be really bad for bears if the market does not close in the red today, because it would be a really bullish move for bulls if the markets finish in the green today after a 497 point gain yesterday.

FAZ climbed to $21.12 today and now is almost red at $19.49

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