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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...

    http://bigcharts.marketwatch.com/charts/big.chart?symb=djia&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=8&sid=1643&style=320&time=6&freq=1&nosettings=1&rand=3519&mocktick=1&rand=7787

    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....

    MarkP

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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.

 
DXD
21.11+0.6300(+3.08%)Apr 17 4:00 PMEDT