QID Trendline Stall 020607

I just wanted to post a quick daily chart showing QID – Ultrashort QQQ Proshares stalling at the trendline it broke last week. Id expect some consolidation before it attempts to break back over it.

I sold some QID I had into that trendline. I’ll have to wait for a break over that trendline, and a trading pattern to emerge now. The market should accelerate to the downside quick if that resistance does break. This tight trading range is sure a test of patience. Here’s a list of the Proshares I trade.