HXD, Horizons Bets Pro 2x bear, update

HXD JUL 12 2012

We do not tire from recommending this ETF either as a hedge or simple to make money. It has been disappointing as every single time when things seem to fall in place there is another Central Bank ready to spoil the fun with a twist, a QE3, a bribe or whatever it takes. This one is now up for about a year and one half, seemingly forever. The faster moves should not be that far away. Again , see previous blogs; we expect this one to go above $40+ but, as we are wont to do, only show the more immediate possibilities. We do not expect a triangle here at all, but show it simple as a possibility.