Decline won't be a straight line

Intraday indicators oversold

Today we saw a noble effort from QE3 hopefuls on the back of the FOMC minutes.  However, the fact that the market was not able to rally to a positive close does not bode particularly well for the bullish case.  That being said, the intraday slow stochastic on the 1 hr DJIA chart is pretty oversold, so it would not be unreasonable to expect a little bullish resurgence in the next couple days.  This probably won't change my opinion on the next 10-15 trading days and I will plan to hold my 3x inverse DJIA ETF through next week.

 GOOD LUCK TOMORROW!