Monday, October 6, 2008

DUG

DUG- Ultrashort Oil & Gas Proshares. Corresponds to twice the daily inverse of the price of the U.S. Oil & Gas Index. Currently testing support as it touches its previous high. Look for a possible handle to form, maybe a 7-8% decline. If no handle is formed and the stock breaks through support on heavy volume, then think about buying shares.

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