Well, the overall market is on a decent uptrend after closing up the last sell off gap on Feb. 27th. The Qs is have a little resistance at the old highs. However, with the advancing 20, 50 MA ahead, the last gap is not supporting the Qs to the new highs. As a result, the chart for QID is the other side of this story, which is heading south. Plus it is the double - shorts ETF, really gotta watch out. 07 might be a chanllenging year for the Qs, but stepping in QID on this uptrend is a such a risky play. Not worth it.