Thursday, July 2, 2009

SDS Update

There is a decent chance that the short-term model may become oversold today after the pronounced weakness so far. It will probably require some more downside, but that certainly could happen. If anyone is away for the afternoon, then I would put in a limit order of 58.00 to potentially sell SDS on further market weakness. However, I will post if/when the signal actually comes and use that price for the blog exit.

If not, then have a nice holiday weekend!