Markets breaking down out of rising wedge pattern

Published: Mon, 12/22/08

Going into Christmas week , everyone looking for that mystical Santa Claus rally, Traders don't hope for a rally, just trade the direction you see. The wedge pattern a highly profital pattern, and even if you are holding longs  liek myself, you can hedge against any market drop, by going long the SDS, DXD, or QID there are many others , but these are a few examples..The SDS I focus on and you trade it just like it was a stock.Except you go long if you think the market is goingto fall or come down. So watching this bounce back up and will enter SDS again long 400 shares
 
Watch break of 871 s&p