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10 pts

Opinion on Emerging Markets Bear 3x (EDZ)
Market Technicals are Bearish!

Jan 14, 2009 04:01 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.

EDZ: This call was made on 01/14/09 @ $83.75

Rating:	$83.75 (01/14/09)
Closed:	01/20/2009 @ $87.31 (+4.25% in 6 days)
Target:	$95.00 (+13.43%) in < two weeks

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Darth Vader

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Emerging Markets Bear 3x (EDZ)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

80.0%

Top:

100.0%

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Darth Vader previously rated EDZ

	-6.98%		Bullish on EDZ ... 11/10/2009	0
	+9.55%		Bearish on EDZ ... 11/09/2009	0
	-6.08%		Bullish on EDZ ... 11/05/2009	0
	+8.67%		Bearish on EDZ ... 11/03/2009	0
	+8.67%		Bullish on EDZ ... 10/29/2009	0
	+3.38%		Bullish on EDZ ... 10/28/2009	0
	+0.00%		Bullish on EDZ ... 10/28/2009	0
	-17.35%		Bearish on EDZ ... 10/19/2009	0
	-15.04%		Bearish on EDZ ... 10/19/2009	0
	-0.70%		Bullish on EDZ ... 10/15/2009	0
	+14.69%		Bearish on EDZ ... 10/06/2009	0
	-29.20%		Bullish on EDZ ... 09/03/2009	0
	-10.47%		Bullish on EDZ ... 07/21/2009	0
	+27.65%		Bearish on EDZ ... 07/14/2009	0
	-6.63%		Bullish on EDZ ... 07/10/2009	0
	-15.87%		Bearish on EDZ ... 06/08/2009	0
	-50.47%		Bullish on EDZ ... 04/15/2009	0
	+21.06%		Bearish on EDZ ... 04/01/2009	0
	+4.70%		Bearish on EDZ ... 03/23/2009	0
	-26.05%		Bullish on EDZ ... 03/16/2009	0
	+26.53%		Bearish on EDZ ... 02/20/2009	0
	-19.72%		Bullish on EDZ ... 01/21/2009	0

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Opinion on Emerging Markets Bear 3x (EDZ) Market Technicals are Bearish!

Opinion on Emerging Markets Bear 3x (EDZ)
Market Technicals are Bearish!