PROSHARES ULTRASHORT S&P 500 (SDS-NYSE): Technical Viewpoint: From a low of $49.00 on Jul 17, 2007 prices rallied, reaching a high of $57.74 on Aug 1, 2007. A decline saw prices pull back, reaching a low of $54.86 on Aug 6, 2007. Another rally saw prices penetrate resistance, closing 8/3/07 at $58.05. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $54.86. Resistance: Is at $58.87. Point & Figure: Reversed to the upside on Aug 5, 2007. A P&F upside reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! PROSHARES ULTRASHORT S&P 500 (SDS-NYSE) @ $59.38 Stop: Use a protective stop of $55.88. PROSHARES ULTRASHORT S&P 500 is currently trading @ $58.05 plus $3.04 on Aug 3, 2007. Price Objective: $67.50. Risk/Reward: $2.50 VS. $9.12. Today's Risk Reward Ratio: 4:1