May 21, 2010

LOCK IN PROFITS ON $FAZ

As of this writing, $FAZ is at $16.17. We suggest taking partial profits right here and tight trailing stops on the rest.

The trigger for this trade according to the ZYX Change Method was price action of European banks in European markets diverging from price action of US financials in the pre-market in US.

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SELLING SHORT $FAZ FOR A SHORT TERM TRADE AT $17.88

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