2 replies to this topic

[Bob-C]

Hi everyone, here is the SDS weekly chart:


http://stockcharts.c...12964337875.png




Here is the SDS daily chart with 50 and 200 DMAs:




http://stockcharts.c...12968721918.png




Here is the SDS daily TL chart:




http://www.chart.nu/...=1343&y=609.png




Here is the SDS weekly TL chart:




http://www.chart.nu/...=1343&y=609.png

Here is the SDS monthly TL chart:

http://www.chart.nu/...=1343&y=609.png

GLTA.

Cheers,

Bob-C

[thoughtpwr]

I would re-phase it as meeting first upside resistance point in almost all x2 or x3 bear funds. I think this gets met with a desperate effort on the bulls part on Mon to get back to support. At that point, it will be rejected and the real action begins.

[Bob-C]

I would re-phase it as meeting first upside resistance point in almost all x2 or x3 bear funds. I think this gets met with a desperate effort on the bulls part on Mon to get back to support. At that point, it will be rejected and the real action begins.

Hi thoughtpwr, thanks for sharing your analysis.

Have a great weekend.

Best,

Bob