VelocityShares 3x Inverse Crude Oil ETN (DWT)

[SwingKing]

No, stopped out with $5 per share from this morning but I'm going to buy back on the first CL bounce which shouldn't be too far off. It's very possible oil already has a top in place and what we saw today was the 1st wave lower. It's also possible today was just the 4th wave lower and we still have one more high before we start the next leg lower in earnest. No matter what happens I believe that a local high for oil is at hand and we're going to see a new low in the $30's. I'll post a more detailed cart this evening for anyone interested in playing DWTI with us. Again, nice trade, let's hope we can continue to beat this POS into submission.