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7 pts

Opinion on  UltraShort Dow30 ProShares (DXD)
Patern of Trend in Play

Jun 17, 2008 04:31 AM UTC
Return Risk
-0.43% LOW
Associate

Pattern of Trend holding. Some type of sell off thisweek or next.

Update 06/28:

Standard Deviation is above 2. Only happens 1 out of every 22 trading days. Siemens announced 17,000 lay offs, and they were supposed to be doing well. This along with interest rate hikes by ECB on Thursday, should be sufficent enough to create a short term panic low in the DOW. A 2% trailng stop on DXD is advised


DXD:  This call was made on 06/17/08 @ $55.28
Rating:   Positive   $55.28 (06/17/08)
Closed:   07/08/2008 @ $63.96 (+15.70% in 21 days)
Target:   $65.00 (+17.58%) in One month


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gene fleszar   71%     1 point   commented 117 days ago reply

dxd is a etf ultra short, it makes money when the market heads down like right now.
Business: ProShrsUlSht30, (DXD) is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average. I tade in ultra shorts any time the market goes south, when the trend reverses I get out. Makes me money every time. Gene

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