Pisa's Picks

[pisavsopbp622]

TBT ~ my favorite ETF to watch at the moment:

http://stockcharts.com/h-sc/ui?s=tbt

This thing is going to make an extremely ridiculous bounce at some point, key is to know when. Keep in mind this trades short of the 20 year treasury note. As stocks have sank, investors have flocked to treasuries for safety. At some point the treasury trade is going to unwind as investors get sick of making near 2% on their money, forcing a lot of money back into equities. When this happens, TBT is going to run 50% from the lows, guaranteed. Should enter the 20's in due time, look for a bottoming base to form around there. If that doesn't happen, well then you probably don't want to be holding any stocks, penny's or big boards, lol.