Posted by ndtrade123 on 15th of Mar 2009 at 11:31 am
People both on this site and others talk about a short,
interimedate term rally for a few weeks to a couple of
months. I think that the important thing is whether we will
get a pull back like the one on Monday, December 1. I
remember the whole week of Thanksgiving was a happy time with rally
due to annoucements of Obama's cabinet and Citigroup's aid
from the government. However, on Monday after Thanksgiving,
the market took a dump with a significant sell off without any
bad news. If the similar situation happens, it will be
very damaging to these leveraged long ETFs. Please
advise.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
People both on this site
Posted by ndtrade123 on 15th of Mar 2009 at 11:31 am
People both on this site and others talk about a short, interimedate term rally for a few weeks to a couple of months. I think that the important thing is whether we will get a pull back like the one on Monday, December 1. I remember the whole week of Thanksgiving was a happy time with rally due to annoucements of Obama's cabinet and Citigroup's aid from the government. However, on Monday after Thanksgiving, the market took a dump with a significant sell off without any bad news. If the similar situation happens, it will be very damaging to these leveraged long ETFs. Please advise.