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Friday, April 24, 2009 12:37:09 PM
Generally SRS follows inverse the market 2x. Gains and losses can both escalate if momentum is present. In this case it has been, the markets are rallying and chopping higher while SRS is getting trimmed lower.
I believe the markets are being set up for a bull-trap and new lows are coming with SRS. I probably wouldn't even consider touching SRS before either May 1st or May 4th, and with that said I might even wait a week or two into May to see how things pan out.
As it stands right now, the markets are being pumped up on ficticious one-time gains due to shady accounting principles at the big banks. So the idea if you don't want to participate in that kind of rally is to wait things out and let them place their bull-trap on the markets.
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