Nothing wrong, this instrument is for hedging. It goes off the VIX and not the S&P!
=] It will be, Don't forget to set your stop loss though. Things can change in an instant especially with the FOMC right around the corner.
Hey Alph, I had class all morning and afternoon so didn't have time to pop up here. I reiterate what I said yesterday. Gold to 870/oz, it'll be a bumpy ride but you can't go wrong with DUST IMO. Trade it if you can, I dont have the time to =]
One thing I realized trying to trade this thing... I ended up making no money, I'd make some right trades and then some wrong ones. After all that hard work you end up moving a step ahead when you could be ten steps ahead if you just held on. Of course, it's gotta be in the right direction ;)
Honestly, I think DUST might go even higher than $80, remember that run from $20's to $160 when Gold dropped from 1700's to 1100. Right now, the exact same thing is about to happen with gold dropping from 1400 to 800.