Bullboard - Stock Discussion Forum ProShares UltraShort Silver ZSL

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Silver SubindexSM. The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts... see more

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ProShares UltraShort Silver > Silver to dip early next week

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Post by Stocksncharts on Jan 28, 2012 7:09am

Silver to dip early next week

Silver is currently trading with striking similarity to early 2011. The identical sized timing and price boxes are matching up well with the current Silver market. There is perfect geometry using the price and timing boxes with an indicated target at $37.

On Monday January 30th, or Tuesday at the latest, Silver should start to dip hard short term even if it rises slightly first. Overall though Silver is anticipated to continue to rise in choppy trading through February.

ZSL should surge up early next week for a decent move $12 or so, but all of Feb looks weak for ZSL.

https://cyclicalmarketanalysis.blogspot.com/

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