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ProShares UltraShort Dow30 Message Board

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  • markp1950 markp1950 Jan 26, 2008 11:40 PM Flag

    This economy is going to drop like a Led Zeppelin

    > I put the top at 13250 for the dow, for DXD I believe it would be somewhere
    > near $50/sh. Any one has given this a thought?

    That is what I originally thought. Now it appears that the uptrend might be over. (IMO) The big drop started in NOV with a big run up in DEc and this one in Jan.... Monday should be interesting..... My only holdings are 13% DXD. The big returns on MSFT and others could not hold long... The president is handing money out like a liberal. It is like despite how all the govt people are saying that the US economy is great, it seems like they are holding something back...

    I'm just happy that tools like DXD are around.....

    During the drop from Nov 1 to Jan 25 DXD went up 25% while QID went up 49 %... I might move to qid.....

    The chart guy on FM predicted a violent up and down this week, followed by a huge drop....
    There was a guy on bloomberg (sorry I don't have the name) who predicted another drop said that what is coming is worse than '87....


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    • I see the rate cut of 0.75 and the predicted end of the month rate cut as positive for stocks. What happened friday was something I expected in fact, we simply hit a temporary resistance. Stocks are moving higher short term, as the fed cuts rates and the gov. gives the consumers some money to spend. I think overall the market is headed lower, but there should be some trading opportunities on the up & down cycles.
      We are currently in an up cycle, from ~11500 to 12000, the direction is up so far last week.

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