Direxion Daily Russia Bear 3X (RUSS)

[value1008]

Here's a 5-yr chart from Stockhouse (i don't know if it will properly display here for long before going back to minimalist default levels), and i begin to wonder if momo traders are going to take the RSX up to older horizontal shareprice areas around $22-24. At $23, the RUSS would be down to (gulp!) low $5s. At RSX hitting $24 or $25, RUSS would be in the toilet. But i'd probably be buying a substantial position there for an eventual RSX fall / RUSS rebound.

You're right: it's crazy that RSX has been up 9 days in a row. But we've seen stranger things..... So it could go 10, 11 or 12 days. Or even if there's a little dip into the red one day, it could resume going up another few to several days.

I'm being very cautious here-- but then i usually am when playing these 3x etfs, even though sometimes that means missing the bottom and subsequent substantial moves up. Just my trading style.