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PROSHARES ULTRASHORT S&P 500
(SDS-NYSE):
Technical Viewpoint: From a low
of $64.29 on Jan 6, 2009 prices
rallied, reaching a
high of $87.09
on Jan 20, 2009. A
decline saw prices pull back, reaching a
low of
$72.10 on Jan 28, 2009.
Another rally saw prices penetrate
resistance, closing 1/30/09
at $81.04. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 30, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $79.09. Resistance: Is at $86.18.
Point & Figure: Reversed to the upside on Jan 30, 2009. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! ProShares UltraShort S&P 500
(SDS-NYSE) @ $82.13 Stop: Use a protective stop of $79.38.
ProShares UltraShort S&P 500 is currently trading @ $81.04 plus $3.51 on Jan 31, 2009. Price Objective:
$95.00. Risk/Reward: $2.75 VS. $12.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$95.00
Risk/Reward:
$2.75 VS. $12.87
Risk/Reward Ratio:
5:1
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