Tuesday, 21 April 2009

Bear - part 1

Is it starting?
Is the rally over?
There are fascinating
articles in the blogosphere depicting what’s happening.
Once more Goldman Sachs is leading the troops.
It’s clear this rally can not run much longer.
So we’re looking to short ETF’s again.
Look to the daily renko chart of ProShares Ultrashort Real Estate. On the daily chart everything is ok: this double short ETF is still loosing value:

However: the 60-minute ETF is telling another story. The trend is changing.
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