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Room to Run

|Includes: DIA, SPXL, SPDR S&P 500 Trust ETF (SPY)

Unfortunately I don't have time for a full length article, though I'm working on one. In the mean time I thought I would just post this chart. Currently long BGZ, I expect the Dow to test at the 11,700 to 12,000 range. After that I'll plan to take profits and see how things settle out. There is some evidence that we might have transitioned into a bear market... but in the short term, we are in the midst of a very trade-able bounce.