VelocityShares 3x Inverse Crude Oil ETN (DWT)

[SwingKing]

No I'm very serious about oil being back in the 30's. I joke a lot but never about money. I'm completely out of DWTI at the moment but the next bounce should be the proper entry for the long term hold of this portion of the play. The current bounce was easily forecast and we've been on it since the beginning but just like this bounce was easy to identify so is what should come next. We have a solid target on the charts and IMO it's just a matter of time before it's broken and a bottom is put in. Of course nothing is guaranteed but so far this has been relatively easy to play. Even when we've been wrong it hasn't been that bad as long as traders used stops and didn't try to force the play.