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The Pull-back is not shorted
On the first pull-back of an up-trend (or a bounce), it is interesting to look at the LEV pattern of inversed ETFs. This usually tells when large players buy inversed ETFs because they are afraid of a pull-back continuation.
As far as I can tell, there is no much fear there. Only QID shows buyers (of the inversed ETF). The rest hardly supports the pull-back.
Pascal
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