Currently it is inversely correlated with the market (like an inverse ETF) and it looks bullish to me. Looks like it will take a gigantic gap down (a big gap up in the market) to break this pattern. Until then trend is your friend...
Thursday, December 4, 2008
Is this another indication for what is yet to come?
The following is a chart of an ETF that can be both long or short depends on the market conditions.
Currently it is inversely correlated with the market (like an inverse ETF) and it looks bullish to me. Looks like it will take a gigantic gap down (a big gap up in the market) to break this pattern. Until then trend is your friend...
Currently it is inversely correlated with the market (like an inverse ETF) and it looks bullish to me. Looks like it will take a gigantic gap down (a big gap up in the market) to break this pattern. Until then trend is your friend...
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