NASDAQ 30 day average has been below the 200 day average for 1,5 months, and the 200 day average is turning southeast. I'm planning to buy QID as an insurance against the decline. This ETF doubles the NASDAQ movements, but in reverse. However, Apple, Google and CMED are doing good business and keep releasing good products, so I'm not selling them. I don't want to be in a position to guess, when to buy them back. If the market keeps falling, I'll increase QID (or similar) until the indicators are going up again. I don't expect to make profit in bear market, but would be happy if this strategy would help me to keep what I've saved. Before actually buying QID, I might wait to see the first financial reports from the NASDAQ-10 companies and follow other similar ETFs for a while. Here's the brochure: http://media.proshares.com/documents/psperformanceguide.pdf . Other bear ETFs worth following are DXD (for double-inverse Dow Jones) and SDS (for double-inverse S&P500). Opinions and thoughts are welcome.
$53.68 (01/20/08)
