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Tuesday, November 4, 2008


Today I was the sheep who bought 2x inverse ETF. I had a feeling that it would drop and have been waiting for it. Just did not expect this huge of a drop.

Good thing is it is still in an uptrend. Bad thing is support at 79 broken and double bottom breakdown today. Take a look at the chart below.

FXP P&F Chart

Screener updated 11/04/2008 sorty by [15sma - 50sma][%] descending.

Stay away from stocks that are so far away from the 200sma until you see a bounce or a place to put $$$. Make sure you are on the right side (pun intended)