Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Tuesday, April 22, 2008

SDS Chart

During my webinar today, a subscriber asked about the SDS -- the ultrashort S&P 500 ETF.

Here's my take ...
I'd really want the SDS to close above that recent overhead resistance (1) before going long the SDS ... which in turn would mean going double short the S&P 500.
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