This post will be brief because I am not feeling well. (Also if you got two of this post, this one is correct. I had mistakenly typed the wrong price of SDS in the prior post.)
The short-term model for the S&P is overbought as of this morning (due to yesterday's action). I think the probability is high that the Nov lows will be taken out (maybe significantly) before the market can make a solid rebound. With that said.....
Recommendation:
Buy SDS today with a "market" order. The current price is 94.15 which I will use for the blog entry price.
Pete
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