You could be right and you could be wrong. So would you spin the barrel of a 6 shooter with 3 bullets, aim it at your head and pull the trigger? Do you feel lucky? Well do you? Just one big gamble, as all these leveraged etfs are, 50/50 chance, because not even the smartest fund managers on the planet can guess the future with reliable results
That's why investing is so tough. I remember when Facebook was at $18.00 and a report came out on one of the big name financial sites saying that it was worth about $2.00. So that article influenced a lot of people not to buy it at $18.00. And if you didn't want it at $18.00 would you buy it at $35.00? Same thing is true about BABA, a Barron's article stated BABA would go to $30.00........ so now that it's $80.00 will you buy it here? Thank all the idiots that write articles like these for you missing the train.
If the double bottom doesn't work it's usually game over for any long position. And in this case the double bottom failed. I think 1's or 2's are in the cards for a double bottom of 2009
Better than buying at $20 or $30, but no guarantees. Goldman calling for a $1000 handle on gold is why I'm here. If gold hits $1000 it's 30+ for DUST. If it goes the other way DUST could end up as dust, and easily in the low single digits