Opinion on  Ultra Basic Materials ProShares (UYM)
Short Term Market Pullback!

The market has made a great run since last Friday.  The UYM  has gone from a low of $7.85 on March 2, 2009 to trading at high of $10.24 today.  I would expect to see a pullback in the markets sometime next week of between 5-10%.  If this pullback occurs we would be setting up for a move over the next several months of 15% or more.

If we spike up over the next couple of days 2 or 3%, I would still expect to see a pullback in the markets before a another leg up in the markets.