Thu 8 Feb 2007
What’s Wrong With This Picture?
Posted by RichSlick under MMO, Money Trades
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A few days ago, I purchased 100 shares of DXD to double short the Dow. This is yet another reason I love ETFs; they provide mechanisms for shorting a market without resorting to actual futures/options trading to short. The chart shows the Dow climbing up in a straight line for the past 6 months. I’m an optimistic guy but this trend can’t hold forever and there will be a pull back and correction.
My target is 2% appreciation in a short period (over the next few weeks / month).
5 Responses to “ What’s Wrong With This Picture? ”
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Pingback from Remember That Wrong Picture, It Helped Me Make 3% Today » Get Rich Slick
February 27th, 2007 at 6:12 pm[...] On February 8th, I wrote a post entitled, “What’s wrong with this picture?” which was a graph of the Dow moving diagonally up almost at a straight 45 degree angle. Folks, a chart like that is a big warning sign that something is a miss and today proved that point. [...]
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Pingback from I Made Money Yesturday Did You? » Get Rich Slick
March 2nd, 2007 at 2:56 pm[...] Did you make money yesterday? I found myself cheering for the market to drop as I held defensive position in DXD (Double Short Dow) but then I found myself cheering for the Dow to recover because I held callable option positions in SMH and was eager to make another $750 in profit. Either way, it was profitable for me. I hope it was profitable day for you. [...]
February 17th, 2007 at 1:00 pm
Still holding it?
February 17th, 2007 at 4:40 pm
yup, almost sold it but was away from the computer when it went down. I expect it to go down again soon. 2% was my target and I got to 1.98%
February 27th, 2007 at 6:36 pm
I’ve sold it today!