Yes I was impressed with the TBT chart. That is a classic bear market that had a 4 month base building period and then broke out over the $20 channel top. Can't ask for much more than that technically to confirm a completed stage #1 base build and breakout. In 4 stage analysis that is the beginning of stage #2 when one is supposed to get long 'after" the long base is complete and price breaks out. And the old fashioned conservative way to get long is to wait for the price to break out and then run up confirming the breakout and clearing away all the shorts and then pulling back to the $20 breakout point before getting long on a successful test of that breakout pt as new support. I'm waiting for a pullback to $20 with price presently at $20.83. Nice low price too on a double bear bond ETF. So 'if' price holds as support at the $20 breakout pt and begins its uptrend of higher lows and higher highs this ETF should really have legs.

This concept of rates reversing is also confirmed by long term trends. James Grant of the Interest Rate Observer showed a long term trend of rates some time ago. Going back to the 1800's his work showed rates have a minimum time trend of 20 years to 35 year cycles. The last cycle was the cycle high in 1981. It has been over 30 years since that top with rates falling ever since. His work suggests a bottom in rates now (top in Bonds) with another reversal back up in rates again for 2-3 decades. With the indebtedness world wide today one has to shudder at what will occur on a steady uptrend in rates again. I like many recall what sacrificies my family lived with thoughout the 70's during the run up to the 1981 rate rise. Most people today can't imagine the hardship it causes. I was happy to have a 10% to 14% mortagage rate back then thinking I was lucky as I missed rates running up to over 20%. I thought I had great timing then. You can see why Dell posted his warning and mentioned TBT which is the double bear 20yr Bond ETF. There are many ways to skin a cat as usual. Here is the single bear 20yr Bond ETF. Note how if you are early or wrong on this single short ETF:TBF you don't get trashed as badly like the double bear ETF:TBT. So it is a sounder sleep at night for those that are more conservative. The range is tighter though as well being a single ETF. Less risk-less reward. The 20ema has crossed above the 50ema as well on TFB for the 1st time since March 2011 which is technically significant. Price has also cleared the top of its 4 month channel base which is bullish and should serve as support on a pullback. Clearing 35 would be a very conclusive breakout on this ETF.
And if all else fails:CHECK YOUR AMMO..............................or someone else will be checking it for you,lol...............................