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6 pts

Opinion on  Short Dow30 ProShares (DOG)
Market Fundamentals look bad

Jul 28, 2008 06:55 PM UTC
Socialpicks
Return Risk
-22.81% LOW
Analyst

This is an ETF that corresponds to the INVERSE of the DJIA.  I think the market is going south and this is my play on that with a Pos stance.

Markets blew through March lows recently, only to bounce for a moment.  Today's action breaking down isn't related to crude and the governments financial package did nothing.  Only good news from the economy will turn this thing and that is a good long time coming.  We tested approached the 50 SMA prior to today but that appears to be false hope.


DOG:  This call was made on 07/28/08 @ $68.87
Rating:   Positive   $68.87 (07/28/08)
Closed:   08/11/2008 @ $65.5401 (-4.84% in 14 days)


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demetrious   36%     1 point   commented 150 days ago reply

Closed out on 8/11 as the market looks to be moving north for the moment.

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