5.15.2011

SDS Chart...Ultra short ETF...


Hello, Thanks for your inquiry about my next post..

My thoughts are still the same about the market... bearish...

price rising with MACD falling, is bearish divergence..
OR, rising MACD with falling price is bullish divergence, which is what we have in the SDS chart...SDS looks really good right about here...

I would wait for $21 to break the downtrend to the upside, before getting in...
OR
...I would wait for a final crazy selloff in SDS, to ~$15.

tb

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