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Fundamental, sentiment, and technical analyses all indicate there is a significant risk of either a consolidation or a correction in the large-capitalization area of the U.S. equity market at this time, so a short position in the ProShares Ultra S&P500 (SSO) exchange-traded fund may soon be nicely profitable. (Amazingly, I wrote these words one year ago today, and they appear more apt now than they seemed then. Of course, the anticipated event did not begin until Feb 18, 2011.)
Fundamental, sentiment, and technical analyses all indicate there is a significant risk of either a consolidation or a correction in the large-capitalization area of the U.S. equity market at this time, so a short position in the ProShares Ultra S&P500 (SSO) exchange-traded fund may soon be nicely profitable. (Amazingly, I wrote these words one year ago today, and they appear more apt now than they seemed then. Of course, the anticipated event did not begin until Feb 18, 2011.)
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