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10 pts

Opinion on  UltraShort S&P500 ProShares (SDS)     Sector: Financial  >  Industry: Misc. Financial Services
Bearish on SPY for the very near term

Oct 31, 2008 07:21 PM GMT
Factsandfigures
Return Risk
+4.74% LOW
Associate

The Accumulation/Distribution trendline was violated on SPY 15 mins chart. Going long SDS (double inverse SPY) for a very short term (a few days) trade.

chart at http://i36.tinypic.com/289yj5.png

also, have a look at some long term S&P 500 charts at http://patternspy.blogspot.com


SDS:  This call was made on 10/31/08 @ $83.27
Rating:   Positive   $83.27 (10/31/08)
Closed:   11/06/2008 @ $93.63 (+12.44% in 6 days)
Target:   in < two weeks


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Austin previously rated SDS
Positive -49.43% Bullish on SDS ...
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