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ProShares UltraShort Dow30 Message Board

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  • weburk weburk Feb 11, 2009 7:53 PM Flag

    The bottom of the triangles.

    exactly, 7300 on the dow by next tuesday. this is bad, rimm was the first to lower guidance. The economy right now is a absolute slug and many tech and retail stocks will be lowering guidance as well. Only stocks worth going long will be pharma's. there is a very very high chance that the dow will not hit 9k for the first half of the year.

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    • I think the markets will trade mostly flat until Feb options expiration a week from Friday.......then the move to 7300 area you speak of.

      As for 9000 on the DOW, I don't think we will see it for the entire year.....maybe 2 years. Lot more downside left in the market and when fear picks up, the downward moves will be exaggerated.

      Long FAZ and DXD both from lower levels.

      Also long CMO and NLY (with sale of covered calls). and small position in PWE also with covered calls.

      Nothing fancy, just some high yield stocks with protection and DXD with calls against it for moves down.

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