FAZ / FAS a demonstration of ratio-trading

Here on a daily chart the ratio of the Bearish Leveraged Financial ETF to its Bullish counterpart

is showing to be in a descending parallel channel. The chart is marked with comments about

trading considerations of these ratios at a given time. At present, the FAZ is undervalued

and should be bought. On the other hand, Bullish FAS, should be either sold if positions are

held.