QLD and Its Trendline

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There are two broad categories of short opportunities I am finding – – the first is an inverted saucer that had a huge plunge to March of this year and has recovered all the way back to its failure point. BCS is a superb example of this.

The second are items whose trendlines have been broken. One example – QLD, shown below – is the ultralong on the NASDAQ. Some people don’t believe in technical analysis when applied to ultra-ETFs; I disagree. A chart is a chart is a chart.

1007-qld

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