is theundamentally, that issue everyone is talking about. what about short term?st: short-term, we recently had a nice break. we are in the context of a major air market, so when things in a down trend things to consult -- tends to consolidate -- that's what we have over the last couple of weeks. if you take the most recent exactlyhat takes us to 1087, so that's an important level. it has clearly found support, so i would fade strength into that 11:40. or, if we rollover from here, which would be the more bearish set up and we start closing low 1087, you can get aggressively short. joe: let's talk about the treasury etf. what is going on here? this is one of the most powerful moves coming into the bond market. every economist said interest rates were going up. quite the opposite happened. we had one of the worst years in interest rates and we have in trading this for years. one of the most powerful sentiment unwinds we have seen in your. we had a monster move and hit an all-time high at getting of this year. ,he support level you mentioned that is the retracement