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9 pts

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

Apr 15, 2009 12:25 AM GMT
0_vader
Return Risk
+1.12% LOW
Principal

The Dow closed at 7,920.18 down 137.63 (1.71%), S&P 500 at 841.50 down 17.23 (2.01%). Nasdaq at 1625.72 down 27.59 (1.67%).   I would expect to see a short-term correction of between 3-5% over the week.  The Dow could drop to between 7,500-7600 and the S&P 500 to between 790-800.  If these levels hold then we have a chance to move to above 9,000 on the Dow and 1,000 on the S&P 500 over the next couple of months.


BGU:  This call was made on 04/15/09 @ $26.35
Rating:   Negative   $26.35 (04/15/09)
Closed:   06/08/2009 @ $36.32 (-37.84% in 54 days)
Target:   $22.00 (-16.51%) in One month


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