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Direxion Daily Financial Bear 3X ETF Message Board

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  • joe_mil1 joe_mil1 Nov 25, 2008 5:06 PM Flag

    S&P 500 Could Not Break High Of Day

    -That would be easy for Bulls, but don't forget that we are still in a bearish market with a new generation of short sellers...
    -Many smart longs have temporally changed their trading strategy to the short term hold.
    =Volume in the S&P decreased by almost 20% today from yesterday showing lack of buying allowing more volatility which is not good for an uptrend.

39.15-0.40(-1.01%)Nov 27 1:00 PMEST