Amazing 3-times-velocity ETF



S&P 500 n DJIA indices both opened gap down n closed much lower today, Feb 4th, 2013.
There is a high probability that the uptrend since Nov 16th, 2012 has already run its full course. So long today's gap down vacuum is not filled out within the next few weeks, more selling will ensues.

Every time Dow Jones wave turned purebear, it will cause all stock mkts in the entire world to follow suit. DJIA or S&P 500 truly holds the trump card in stock mkt direction.

Is it the right time now to start 'play-play' with the bear ?
SPXU, in at US$ 31.65/70 last Friday.

The North American mkt is amazing. They have lots of financial engineers who always have capability to design financial products of various complexity ahead of time. I chanced upon these 3-times-velocity ETFs 16 months ago. 
They r like regular ETFs with a special feature of 3 times the speed of index movement.

If S&P 500 index is up 10%, then its 3X bull ETF i.e. UPRO will go up 30%.
If it is down 10%, the 3X bear ETF, SPXU has to move up about 30%.

The popular n active 3X Bull/Bear ETF pairs r as follows :-

INDICES      BULL    BEAR
S&P 500       UPRO    SPXU
DOW           UDOW   SDOW
NASDAQ       TQQQ    SQQQ    
FINANCE       FAS       FAZ
SMALL CAP    TNA      TZA
ENERGY        ERX      ERY
CHINA          YINN     YANG
VIX                          VXX = 2x
                              TVIX = 3x

VIX is fearful. VXX n TVIX move in multiples will be more scary.
These r fantastic financial instruments where u can go full time in either way the mkt moves. No stock selection n financial analysis is required. 
Just the RIGHT TIMING in the RIGHT Mkt Direction or go with the mood of the mkt.

Do not ever touch these ETFs unless u r the real McCoy. 

Have a good look at them using this real-time Free stock chart provider,

http://www.freestockcharts.com/

This is the best real-time stock charts for all North American stocks n derivatives listed on all exchanges in USA n Canada I have seen n it is absolutely Free of charge.