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Old 10-01-2009, 05:11 PM   Nav to Top  #21
StockTrader6080
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Originally Posted by robert View Post
Thanks for those!
Not bad for a nooby. Do you trade manually or are you using an automated trading system?

2 symbols working in unison seem like perfect candidates for automated trading.

I'm not a programmer, so I've been tinkering around with the cooltrade system, because it doesn't require any programming.

I'm going to try the FAZ / FAS method. When one closes go into the other and just go back and forth.

Thanks,

Keith
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Old 10-02-2009, 02:24 PM   Nav to Top  #22
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Default FAZ/FAS

Actually that is a very accurate description of those tickers. Another reason why my gambler friends took such a liking to them.

I have been burned a few times but I think I made out decent over all. I just completely stopped messing with those when they decided to do a reverse split on both of them. Since then I have left them alone. FAZ is doing a good run up now in the last few trading days.
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Old 01-04-2013, 12:55 PM   Nav to Top  #23
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Great info. I like to lean more toward FAZ due to more controllable. But what you are saying works.
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Old 01-06-2013, 06:13 PM   Nav to Top  #24
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Originally Posted by Miles View Post
... The bottom line is that both of these ETFs are very unpredictable. Most people put FAS/FAZ akin to playing some roulette at a casino and I tend to agree with them. ...
FAS/FAZ track the Russell 100 index. You cannot apply technical analysis to FAS/FAZ and trade them simply because they follow the Russell 100 index. You have to apply the analysis to the Russell 100 index and trade FAS/FAZ. That is why monitoring some of the stocks from the index helps you.

Get the Russell 1000 index charts. In addition to the analysis you use you may have advance/decline data

advance decline

which could be used instead of monitoring 10 stocks from this index.

When it comes to the trading of ETFs that track indexes. It is logical to analyse indexes. FAS/FAZ do not follow supply/demand on FAS/FAZ. These ETFs follow supply/demand on the entire Russell 1000 index.
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