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President of TIRA Group ( and independent investment advisor doing business as FXA USA ( focusing on technical strategies in the Forex market. Series 3 licensed and registered as a Commodity Trading Advisor / Commodity Pool Operator (CTA/CPO). Graduate of De La... More
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  • Pro Shares Short Dow30 (DOG) 0 comments
    Oct 18, 2013 11:01 AM | about stocks: DOG

    Pro Shares Short Dow30 (NYSEARCA:DOG) corresponds to the inverse performance of the Dow Jones Industrial Average 30. The 5-point buy-side Scalar Analysis (NYSE:SA) chart shows 1 tested scalar bottom at $75, and 2 untested scalar bottoms at $70 and $40. If the market is indeed overvalued (too many buyers, not enough sellers), this ETF would correct to $40 with a high probability. SEE CHART HERE.

    (click to enlarge)

    Disclosure: I am long DOG.

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