Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[The cook]

Ok Doc, I got another question. Let me know if I understand this correctly. So this free fall in nat gas the last two days didn't reflect in dgaz price action because it's not tracking march contract anymore. And since the april and farther out contracts are so much lower in price, they didn't move that much. This is also steep backwardation correct? So if this is the case, tomorrow when march contract rolls Dgaz will be more reflective of the spot price. And if we get a big bounce or rally in nat gas... DGAZ is gonna get crushed. Do I have this right?