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Opinion on Developed Markets Bull 3x (DZK)
Market Technicals are Bearish!

Jan 14, 2009 03:58 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.

DZK: This call was made on 01/14/09 @ $42.0

Rating:	$42.0 (01/14/09)
Closed:	01/20/2009 @ $35.83 (+14.69% in 6 days)
Target:	$35.00 (-16.67%) in One month

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Darth Vader

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Developed Markets Bull 3x (DZK)

SocialPicks Sentiment: N/A

This Quarter's Sentiment:

All:

33.0%

Top:

0.0%

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Darth Vader previously rated DZK

+11.78%	Bearish on DZK ... 11/10/2009	0
+6.54%	Bullish on DZK ... 11/09/2009	0
-4.76%	Bearish on DZK ... 11/05/2009	0
+5.76%	Bullish on DZK ... 11/03/2009	0
+10.78%	Bearish on DZK ... 10/28/2009	0
-11.67%	Bullish on DZK ... 10/19/2009	0
-1.01%	Bearish on DZK ... 10/15/2009	0
+12.36%	Bullish on DZK ... 10/06/2009	0
-18.04%	Bearish on DZK ... 09/03/2009	0
-11.21%	Bearish on DZK ... 07/21/2009	0
+22.94%	Bullish on DZK ... 07/14/2009	0
-6.11%	Bearish on DZK ... 07/10/2009	0
-15.45%	Bullish on DZK ... 06/08/2009	0
-54.75%	Bearish on DZK ... 04/15/2009	0
+13.82%	Bullish on DZK ... 04/01/2009	0
-20.28%	Bullish on DZK ... 03/23/2009	0
-28.37%	Bearish on DZK ... 03/16/2009	0
-1.27%	Short Term Market Pullback! 02/20/2009	10
+5.53%	Market Technicals are Bearish! 01/30/2009	1
+10.05%	Bearish on DZK ... 01/21/2009	0

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Opinion on Developed Markets Bull 3x (DZK) Market Technicals are Bearish!

Opinion on Developed Markets Bull 3x (DZK)
Market Technicals are Bearish!