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Tuesday, October 06, 2009

Dark Cloud

Here comes the dark cloud! Yesterday I completed my trifecta of dark cloud trades by taking a position against the Dow 30. I got into the UltraShort Dow 30 ProShares (DXD) at $36.49 during the pre-market. As it stands right now, I am 2x negative on all three of the major U.S. indicies.

I may a bit early, which hurts in the pocketbook, however I do think we are looking to take a big hit downwards. These recent moves upwards are on lighter volume and I personally think that we will have a big volume day in concert with heavy sell-off.

1 comment:

Justin said...

I doubled up my position @ $34.97