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10 pts

Opinion on Large Cap Bull 3x (BGU)
Market Technicals are Bearish!

Jan 14, 2009 03:56 PM GMT

Darth Vader

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The S&P 500 closed below 850 on Wednesday, Jan 14, 2009. We have bounced off 817.04 on Thursday, Jan 15. We still stand a pretty good chance of testing the November 20, 2008 closing low of 752.44. All the major indices have broken down technically. They all could fall a further 5-10% from today's levels.
I would expect to see a 5-8% bounce off the lows before going lower.

BGU: This call was made on 01/14/09 @ $29.55

Rating:	$29.55 (01/14/09)
Closed:	01/20/2009 @ $28.39 (+3.93% in 6 days)
Target:	$25.00 (-15.40%) in One month

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Darth Vader

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Large Cap Bull 3x (BGU)

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Darth Vader previously rated BGU

+8.06%	Bearish on BGU ... 11/10/2009	0
+7.03%	Bullish on BGU ... 11/09/2009	0
-6.70%	Bearish on BGU ... 11/05/2009	0
+2.14%	Bullish on BGU ... 11/03/2009	0
+0.00%	Bullish on BGU ... 11/03/2009	0
+0.00%	Bullish on BGU ... 11/03/2009	0
+0.00%	Bullish on BGU ... 11/03/2009	0
+0.00%	Bullish on BGU ... 11/03/2009	0
+7.28%	Bearish on BGU ... 10/28/2009	0
-9.63%	Bullish on BGU ... 10/19/2009	0
-1.26%	Bearish on BGU ... 10/15/2009	0
+10.87%	Bullish on BGU ... 10/06/2009	0
-17.96%	Bearish on BGU ... 09/03/2009	0
-13.81%	Bearish on BGU ... 07/21/2009	0
+16.13%	Bullish on BGU ... 07/14/2009	0
-8.87%	Bearish on BGU ... 07/10/2009	0
-18.64%	Bullish on BGU ... 06/08/2009	0
-37.84%	Market Technicals are Bearish! 04/15/2009	9
+14.55%	FASB Announcement Change Mark to Market! 04/01/2009	9
+3.95%	Bullish on BGU ... 03/23/2009	0
-17.85%	Bearish on BGU ... 03/16/2009	0
-4.86%	Short Term Market Rally! Why Wait? 02/20/2009	1
+13.43%	Bearish on BGU ... 01/21/2009	0
-2.39%	Short Term Market Rally - Long Ultralong ETF's 12/07/2008	1
+0.22%	Short Term Market Rally - Long Ultralong ETF's 11/17/2008	10

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Opinion on Large Cap Bull 3x (BGU) Market Technicals are Bearish!

Opinion on Large Cap Bull 3x (BGU)
Market Technicals are Bearish!