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ProShares UltraShort Dow30 Message Board

  • dladden7 dladden7 Nov 21, 2008 11:18 AM Flag

    A market without direction

    Sitting at 7500, no one knows where to go with this thing. We haven't traded here, there's not playbook established for a trading range here. People were getting used to trading the 8000-10000 range finally and now that that's gone, it feels like the bullish hope that kept sparking rallies has faded away but I'm not sure how much force there is left to drive this down further either. Basically, it's a tricky entrance spot in my opinion, cashed out yesterday on a nice gain and will remain in cash until next week. The market movement just looks sad and confused and I can't bet a directional move until it gets its bearing again.

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