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ProShares UltraPro Short S&P500 Message Board

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  • joetong419 joetong419 Feb 29, 2012 2:22 PM Flag

    More info March 16th important date

    S&P500 has had every opportunity to go lower today, but money on the sidelines buying on the dips.

    No correction exceeding <1%>, just a slow upward trend. Risk/reward better at SDS/SPXU than SSO UPRO.

    A steady S&P500 rise until 3/16/12 triple witching option expiration (a nonfactor?).

    S&P500 to 1400 is the psychological top...only 28 points away from 2/28/12 close. Market oversold can do this for awhile...last year oversold went to the opposite extreme.

    If it means anything, GLD and SLV retracing gains. Stocks don't go up/down forever.

    I'll buy SPXU @ these levels than UPRO.

    Be aware SPXU might do a reverse stock split at these low prices.

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