I personally would keep watch on this. With 2x and 3x ETF, it doesn’t pay to be the early adopter, especially in this situation. I would feel safer to wait for all the fallout to happen and the ETF to start going back up. Maybe once it has been up 10%, then I would jump in. Another good source to use to help you determine when to buy would be: http://www.stockconsultant.com/consultnow/basicplus.cgi?&symbol=RUSL. It has help thus far.