Monday, March 30, 2009

Riding the wave

Finally we catch a break. It looks like the impending correction has begun with the government in the driver seat in Detroit (pun intended). Your first profit taking target for SDS is @82.95 Dug also triggered but gapped open, you have two options, pass on the trade or buy in and set your stop to the current daily low which is 25.50 This is now a risky trade to take because stocks like to fill their gaps before they continue in the direction you want them to. Good Luck.