Strategy Session

Here's a chart of SDS, which is the Proshares ETF, which is the double inverse of the S&P 500: (BTW please ignore the sunguard data systems on top of the chart; that's a mistake at Prophet.net)




Yesterday's action has pushed me farther into the bear camp. We now have a "clear shot" at catching the S&P 500's drop below the 50-day EMA. Thanks to the rally on Wednesday for giving me a decent entry on the short side. Sometimes the lemmings are useful.